How will a recession in Japan affect the Singapore's economy, given that Singapore is an
Important trading partner?
A) Singapore's net exports are likely to fall because Japan's recession will reduce Singapore's imports.
B) Singapore's net exports are likely to fall because Japan's recession will reduce Japan's imports.
C) Singapore's net exports are likely to rise because Japan's recession will discourage its other trading partners from buying Japanese purchase products.
D) Singapore's net exports are likely to rise because shortages in Japan due to its recession will discourage Singapore's exports to Japan.
Correct Answer:
Verified
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