Choose the word or phrase among A, B, C or D that best fits the blank space in the following passage:

"Before the 1960s, Singapore was essential a trading nation. Since (1)….. , it has developed a more (2)…. economy and has become an important financial, trade, and transportation center. Singapore has (3)….. banks, insurance, and finance companies, as (4) …..  as a stock exchange. Tourism is also important to the (5)…. of Singapore.
 There is (6)…. unemployment in Singapore. The country’s annual income per capita (per person) is one of the (7) …. in Asia. The government of Singapore plays a major role in the country’s economy. For example, it (8)….. what benefits, such as vacation time and sick leave, must be (9)….for workers by employers. It also operates an employment agency to help people find jobs, and it provides (10)…..  for retired workers."

4 , as (4) …..  as a stock exchange.

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