Question 1: True, False or uncertain
Explain whether each of the following statement is true, false or uncertain. Start your answer by selecting one of the three statements – “True”, “False” and “Uncertain” and then provide arguments to justify your selection (be brief and concise in less than 100 words). You need to make assumption clear, reasonable and explicit if making any. The quality and logic of arguments determine your marks. (4 marks each)
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REASON: If this covid-19 pandemic goes on increasing then lockdown may be extended in the country.
In such a case, if lockdown is got extended especially at the border, then both imports to the country and also exports from the country will be zero.
If imports are considered as (X), and exports are considered as (M), then
S - I = X - M.
As both exports and imports will be zero therefore,
S - I =0.
S = I.
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