This is a question from last year's exam:
Prove that there is no continuous $f:\mathbb{R}^2 -\{0\}\rightarrow S^1$ such that $f(x)=x$ on $S^1$.
Well this question is equivalent to show that $S^1$ is not a retract of $\mathbb{R}^2 - \{0\}$.
However, isn't $x\mapsto \frac{x}{|x|}$ a counterexample?
There must be a typo.. What would the original question be?