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Economics · Oct / Nov 2017 · Paper 22 · Question 2

2281

As printed in the paper

The question as text

Singapore is usually ranked as one of the best countries in which to do business. It is an open economy engaging in free trade. It has a history of strong entrepreneurship, low unemployment, low average costs and relatively low tax rates. Its example may encourage other countries to remove trade restrictions.

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Show the answer and mark scheme
  • 2(a)[2]

  • 2(b)[4]

  • 2(c)[6]

  • 2(d)[8]

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