10. IE2. Video: Why is Singapore so rich?

What is one of the key reasons why the British set up a colony in Singapore?

• Singapore's abundance of natural resources

• Singapore's strategic location on an important trade route

• Singapore's strong military presence

What were the four Asian countries known as the 'Asian tigers'?

• Singapore, Hong Kong, Taiwan, and South Korea

• China, India, Japan, and Malaysia

• Thailand, Indonesia, Vietnam, and Philippines

What was one of the first government agencies set up in Singapore?

• Agency for Economic Development

• Agency for Public Housing

• Agency for Foreign Investment

What was the main factor that contributed to Singapore's growth in the service industry?

• Increased manufacturing output

• Government intervention in labor strikes

• Liberalization of finance and insurance sectors

What is one of the main reasons why Singapore is considered the most expensive city in the world?

• High taxes on cars

• Expensive household goods

• Expensive domestic help

What is the median monthly salary in Singapore?

• $3,270

• $4,500

• $2,000

What is the Gini coefficient used for?

• Calculating GDP per capita

• Measuring inequality

• Determining tax rates

Which country had a better Gini coefficient than Singapore in 2017?

• United Kingdom

• United States

• Germany

• Japan

What did a think tank find about social classes in Singapore?

• People in public housing have more friends in private housing

• People in private housing have more friends in public housing

• People in public housing have fewer friends in private housing

• People in private housing have fewer friends in public housing

What did the government call the issue of inequality in Singapore?

• A national priority

• A minor concern

• A political challenge