The correct answer is Singapore
Singapore is located on the left island of Malaysia at the southern tip as a very small country compared to Malaysia. It is nevertheless an independent parliamentary republic. Although there were some options to unite with Malaysia before through referendums, this didn't happen and Singapore was independent since it stopped being a colony.
Option A, The United States was in a period of demobilization after WWI.
<u>Explanation:
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The 1918-20 recessions were a severe deflationary contraction from 14 months after World War I. The depression was not only severe; the deflation was large compared to the subsequent downturn in the actual product, in the United States and in other nations.
After Armistice Day, short depression in the United States was accompanied by a rise in production. Nevertheless, the 1920 depression was also caused by the post-war changes, especially the demobilization of troops.
The reintegration of soldiers into the civilian labor force was one of the main changes. There were 2.9 million people working in the Military in 1918. This declined in 1919 to 1.5 million and in 1920 to 380,000.
It was 1920 when civilian labour rose by 1.6 million or 4.1 percent in one year, and the effects on the labor markets were most startling. (This is the highest one-year rise in labor force, although it is lower than the figures during the sub-World War II demobilization in 1946 and 1947)
End of small businesses, firms and corporations
<span>Business is usually at its best during the expansion phase. This is the phase when most businesses prosper. Demand for goods and services grows, unemployment falls as firms hire more workers to meet demand and incomes generally rise. During expansion , there is an economic growth. The expansion phase is however limited. As expansion continues, strong demand begins to drive up prices causing inflation, bank interest rates rise and soon employers begin to retrench to pay off debt and the economy begins to contract.</span>
