CBT TEST

ECN 213 CBT PRACTICE

Phil January 16, 2025Last Updated: January 16, 2025

0 685 1 minute read

Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

If you can get at least 60%, you can be rest assured that you’ll ace ANA 203 exam

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

Note

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

Please do well to use our comment box incase there’s a message you want to pass to us

70 – 100 A

60 – 69 B

50 – 59 C

45 – 49 D

40 – 44 E

0 – 39 F

I wish you success

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ECN 213

1 / 40

1. Structural unemployment is caused by:

A. Overproduction in the agricultural sector

B. Excessive geographical mobility

C. Declines in population growth rates

D. A mismatch between workers' skills and job requirements

2 / 40

2. Sectoral distribution of the workforce refers to:‌

A. Allocation of workforce across agriculture, industry, and services

B. Equal labour distribution across economic sectors

C. Employment patterns in urban areas only

D. Historical migration trends affecting rural workers

3 / 40

3. Keynesian unemployment theory states that unemployment results from:

A. Market deregulation

B. Changes in global trade patterns

C. Inadequate investment leading to demand deficiencies

D. Supply-side inefficiencies

4 / 40

4. Frictional unemployment arises when:

A. Labour markets fail entirely

B. People are temporarily between jobs

C. Technology replaces human labour

D. Seasonal demands cease

5 / 40

5. The term "labour force" includes

A. Unemployed individuals actively seeking work

B. Children below the age of 15

C. Retirees above 70 years

D. Volunteers in social work

6 / 40

6. Seasonal unemployment is common in:

A. Urban industrial sectors

B. Education systems for school-aged children

C. Agriculture during off-planting seasons

D. Technology-driven economies

7 / 40

7. Informal economies in developing nations like Nigeria are characterized by:

A. High unionization rates and legal protections

B. Lack of formal contracts and job insecurity

C. Dominance in technology-oriented sectors

D. Strict government regulation of pay scales

8 / 40

8. One of the major labour problems in Nigeria is:

A. Extremely high industrial employment rates

B. Balanced urban-rural labour distribution

C. High reliance on informal economic activities

D. Skilled labour abundance

9 / 40

9. The classical labour market model assumes:

A. Unemployment is long-term and persistent

B. Technological unemployment dominates

C. Wages are rigid and inflexible

D. Market forces naturally achieve equilibrium

10 / 40

10. Collective bargaining often results in:

A. Prohibitions on wage adjustments during inflation

B. Restrictions on productivity improvements

C. Reducing training opportunities for young workers

D. Establishing agreements between employers and workers

11 / 40

11. The most effective way to reduce child labour is to:

A. Increase taxation on informal sectors

B. Rely solely on industrial incentives

C. Provide better access to quality education

D. Limit international cooperation programs

12 / 40

12. The high population growth in Nigeria has resulted in

A. Adequate workforce balance between urban and rural areas

B. Fewer school dropouts among young workers

C. Rapid industrialization reducing agricultural employment

D. Increased unemployment in urban regions

13 / 40

13. The size of Nigeria's labour force is determined by:

A. Only industrial development

B. Fixed government quotas

C. Population growth and participation rates

D. Incomes from agricultural exports

14 / 40

14. One major recommendation of Keynesian economics to reduce unemployment is:

A. Allowing wages to fall significantly

B. Raising tax rates sharply

C. Implementing government spending to boost demand

D. Restricting the flow of new labour into the economy

15 / 40

15. Government strategies to enhance formal sector employment include:

A. Increasing trade restrictions globally

B. Establishing pro-active wage policies and incentives for firms

C. Deregulating the financial sector completely

D. Outsourcing all public projects

16 / 40

16. The study of labour economics is essential to understand:

A. Contributions of labour to income and productivity

B. Consumption theories of wealthy populations

C. Manufacturing inputs in developing countries

D. Efficient allocation of production technology

17 / 40

17. Labour as a derived demand means that:

A. Employers create their own demand

B. Demand for labour is always constant

C. Workers determine wage rates directly

D. Labour demand depends on the demand for goods and services

18 / 40

18. Labour supply determinants include:

A. Reduced female workforce participation

B. Fixed population sizes only

C. Wage levels and working conditions

D. Limited to family decision-making patterns

19 / 40

19. ‌Sectoral distribution of the workforce refers to:

A. Equal labour distribution across economic sectors

B. Employment patterns in urban areas only

C. Historical migration trends affecting rural workers

D. Allocation of workforce across agriculture, industry, and services

20 / 40

20. Labour productivity is enhanced by‌

A. Increasing hourly work shifts universally

B. Increasing the price of goods produced

C. Higher investment in education and training

D. Imposing fixed participation rates in all sectors

21 / 40

21. Equilibrium wage rate is determined by:

A. Minimum wages solely

B. Government policy enforcement

C. The interaction of labour supply and demand forces

D. International trade conditions

22 / 40

22. Elasticity of labour demand is influenced by:

A. The number of trade unions

B. Mobility of labour

C. Cultural traditions affecting the workweek

D. Availability of substitutes for labour

23 / 40

23. A common issue for informal-sector workers in Nigeria is:

A. High employer-provided benefits

B. Inadequate job security and low wages

C. Access to modern healthcare programs

D. Guaranteed union representation

24 / 40

24. A major factor leading to child labour in developing economies is:

A. Strong governmental protections for minors

B. Employment growth in modern industries

C. Parental choices linked to poverty

D. High wages for unskilled youth

25 / 40

25. Labour market theories provide insight into:

A. Industrial capital output priorities

B. Academic policies irrelevant to real economies

C. Trends unique to closed economies only

D. Economic mechanisms driving labour force behavior and outcomes

26 / 40

26. Labour mobility enhances economic efficiency because it:

A. Discourages migration between regions

B. Balances labour distribution in high-demand areas

C. Promotes self-reliance in rural areas

D. Stabilizes wage disparities

27 / 40

27. Human capital investments can significantly improve labour productivity through:

A. On-the-job training, education, and health programs

B. Reducing job availability across sectors

C. Substituting technology for skilled workers

D. Introducing higher taxation levels in rural areas

28 / 40

28. Inflation's impact on labour markets results in:

A. Declining purchasing power for workers

B. Stagnant wage rates across sectors

C. Increased savings for employees

D. Elimination of unemployment risks

29 / 40

29. Policies to reduce cyclical unemployment often emphasize:

A. Privatizing large sections of the labour market

B. Creating low-income job alternatives

C. Raising public spending during periods of low demand

D. Lowering taxes to suppress inflation

30 / 40

30. Gender disparity in Nigeria’s labour market affects:

A. Only self-employed women

B. Rural industries exclusively

C. Educational access and pay scales

D. Female executives positively

31 / 40

31. Wages are classified into:

A. Seasonal incomes only

B. Monetary and non-monetary payments

C. Fixed yearly salaries exclusively

D. In-kind and agricultural settlements

32 / 40

32. Labour is considered a factor of production because it:

A. Only benefits the capital market

B. Focuses solely on intellectual services

C. Includes only skilled individuals

D. Contributes productive services like physical effort and skill

33 / 40

33. A mismatch in job skills often results in:

A. Higher employment rates

B. Increased educational demand

C. Reduced workforce mobility

D. Skilled worker shortages

34 / 40

34. Structural unemployment can best be addressed by:

A. Improving skills through vocational training programs

B. Increasing interest rates significantly

C. Imposing trade restrictions on foreign goods

D. Continuous wage reduction across key industries

35 / 40

35. Labour economics primarily studies:

A. Dynamics of capital formation

B. Behaviour of employers and employees in the labour market

C. Consumption patterns in rural areas

D. Entrepreneurship development models

36 / 40

36. The informal sector's lack of stability is most affected by:

A. Labour law enforcement

B. Education system strength

C. High local consumer demand

D. Lack of export-based revenues

37 / 40

37. Youth unemployment in Nigeria is exacerbated by:

A. Stable rural-urban migration patterns

B. High foreign investment rates

C. Inefficiency of educational systems

D. Technological advancements in agriculture

38 / 40

38. Educational disparities in the Nigerian labour force affect:

A. The demand for private-sector jobs

B. National GDP only through oil output

C. Employment opportunities and industrial development

D. Rural regions positively through local systems

39 / 40

39. The informal sector in Nigeria

A. Avoids trade union activities

B. Primarily pays competitive salaries

C. Mainly involves large industrial establishments

D. Employs a large portion of the workforce

40 / 40

40. ‌Sectoral distribution of the workforce refers to:

A. Equal labour distribution across economic sectors

B. Employment patterns in urban areas only

C. Historical migration trends affecting rural workers

D. Allocation of workforce across agriculture, industry, and services

Your score is

The average score is 51%

Phil January 16, 2025Last Updated: January 16, 2025

0 685 1 minute read

ECN 213 CBT PRACTICE

Phil

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