Make two application or real-life scenario based MCQs on the following SLOs: analyze the effects of increased imports or exports on the economy of Pakistan; analyze the importance... Make two application or real-life scenario based MCQs on the following SLOs: analyze the effects of increased imports or exports on the economy of Pakistan; analyze the importance of industries mentioned in SLO 9.1.1 for the economy of Pakistan.
Understand the Problem
The question is asking for the creation of two multiple-choice questions related to the impact of increased imports or exports on the economy of Pakistan, as well as the importance of certain industries for Pakistan's economy. This requires analyzing economic concepts and applying them to real-life scenarios.
Answer
["Increase in exports likely leads to improved trade balance and GDP.","Textile industry is the main contributor to Pakistan's exports."]
[{"question":"How could a significant increase in exports affect Pakistan\u2019s economy?","options":["It would lead to a shortage of goods domestically.","It will likely improve the country's trade balance and increase GDP.","It will automatically lead to higher unemployment rates.","It would cause a reduction in foreign exchange reserves."],"correct_option":"It will likely improve the country's trade balance and increase GDP."},{"question":"What is the primary importance of the textile industry as mentioned in SLO 9.1.1 for the economy of Pakistan?","options":["It is the largest source of government revenue.","It employs the majority of the country's workforce.","It is the main contributor to Pakistan's exports.","It is essential for local supply chains only."],"correct_option":"It is the main contributor to Pakistan's exports."}]
Answer for screen readers
[{"question":"How could a significant increase in exports affect Pakistan\u2019s economy?","options":["It would lead to a shortage of goods domestically.","It will likely improve the country's trade balance and increase GDP.","It will automatically lead to higher unemployment rates.","It would cause a reduction in foreign exchange reserves."],"correct_option":"It will likely improve the country's trade balance and increase GDP."},{"question":"What is the primary importance of the textile industry as mentioned in SLO 9.1.1 for the economy of Pakistan?","options":["It is the largest source of government revenue.","It employs the majority of the country's workforce.","It is the main contributor to Pakistan's exports.","It is essential for local supply chains only."],"correct_option":"It is the main contributor to Pakistan's exports."}]
More Information
Increasing exports can enhance economic growth by improving trade balance and creating jobs. The textile industry is a linchpin of Pakistan's economy, driving export revenues and employment.
Tips
Be careful not to confuse the direct effects of increased exports with indirect or long-term economic consequences.
Sources
- The Challenges and Potential of Pakistan-India Trade - documents1.worldbank.org
- Growth and structural transformation – Options for Pakistan - sciencedirect.com
- PAKISTAN STUDIES - AKU-EB - examinationboard.aku.edu
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