Read the case Singapore Inc. and answer the following questions based on the case. Please answer the following questions based on the case; Prime Minister Goh gathered his notes. Before finalizing his speech, he had to be sure that the ERC’s fiscal changes were best for the country as it faced another economic downturn. Would the focused MicroStrategy of enterprise ecosystem combined with the government’s macro strategy of tax incentives be enough to keep Singapore afloat in the face of competition from China, a weak U.S. economy, and the country’s continued shortage of natural and human capital resources?

Write 4-5 sentences.

V1

Consider the list of situations below faced by an imaginary country that is suffering an economic crisis. Classify each situation as either a result of discretionary fiscal policy or an automatic stabilizer in the economy. 1. Higher government spending in unemployment benefits due to a rise in the number of unemployed people II. A decrease in tax collection due to a decrease in business profits III. Higher public spending due to the introduction of a new emergency credit line for businesses, subsidized by the government IV. Smaller tax revenue resulting from an increase in the amount of households that fall under the poverty line V. Smaller tax revenue due to the approval of a bill that provides tax cuts for small businesses Group of answer choices A. Situations III and V are discretionary fiscal policy, and I, II and IV are automatic stabilizers B. All the situations above are automatic stabilizers C. All the situations above are automatic stabilizers, except for V D. Situations I and…