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CBT TEST

ECN 213 CBT PRACTICE

Phil

January 16, 2025

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. Sectoral distribution of the workforce refers to:‌

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

B. Employment patterns in urban areas only

C. Equal labour distribution across economic sectors

D. Historical migration trends affecting rural workers

2 / 40

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

A. Introducing higher taxation levels in rural areas

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

C. Reducing job availability across sectors

D. Substituting technology for skilled workers

3 / 40

3. The classical labour market model assumes:

A. Unemployment is long-term and persistent

B. Market forces naturally achieve equilibrium

C. Technological unemployment dominates

D. Wages are rigid and inflexible

4 / 40

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

A. Lack of export-based revenues

B. Education system strength

C. High local consumer demand

D. Labour law enforcement

5 / 40

5. Frictional unemployment arises when:

A. Seasonal demands cease

B. Labour markets fail entirely

C. People are temporarily between jobs

D. Technology replaces human labour

6 / 40

6. Labour mobility enhances economic efficiency because it:

A. Promotes self-reliance in rural areas

B. Balances labour distribution in high-demand areas

C. Discourages migration between regions

D. Stabilizes wage disparities

7 / 40

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

A. Strict government regulation of pay scales

B. Dominance in technology-oriented sectors

C. High unionization rates and legal protections

D. Lack of formal contracts and job insecurity

8 / 40

8. Labour supply determinants include:

A. Limited to family decision-making patterns

B. Reduced female workforce participation

C. Fixed population sizes only

D. Wage levels and working conditions

9 / 40

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

A. Only industrial development

B. Population growth and participation rates

C. Incomes from agricultural exports

D. Fixed government quotas

10 / 40

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

A. Declining purchasing power for workers

B. Increased savings for employees

C. Stagnant wage rates across sectors

D. Elimination of unemployment risks

11 / 40

11. ‌Sectoral distribution of the workforce refers to:

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

B. Historical migration trends affecting rural workers

C. Employment patterns in urban areas only

D. Equal labour distribution across economic sectors

12 / 40

12. Educational disparities in the Nigerian labour force affect:

A. Rural regions positively through local systems

B. Employment opportunities and industrial development

C. The demand for private-sector jobs

D. National GDP only through oil output

13 / 40

13. Labour economics primarily studies:

A. Consumption patterns in rural areas

B. Dynamics of capital formation

C. Entrepreneurship development models

D. Behaviour of employers and employees in the labour market

14 / 40

14. Keynesian unemployment theory states that unemployment results from:

A. Market deregulation

B. Inadequate investment leading to demand deficiencies

C. Changes in global trade patterns

D. Supply-side inefficiencies

15 / 40

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

A. Limit international cooperation programs

B. Rely solely on industrial incentives

C. Increase taxation on informal sectors

D. Provide better access to quality education

16 / 40

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

A. Employment growth in modern industries

B. Strong governmental protections for minors

C. Parental choices linked to poverty

D. High wages for unskilled youth

17 / 40

17. 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

18 / 40

18. Labour market theories provide insight into:

A. Academic policies irrelevant to real economies

B. Economic mechanisms driving labour force behavior and outcomes

C. Trends unique to closed economies only

D. Industrial capital output priorities

19 / 40

19. Policies to reduce cyclical unemployment often emphasize:

A. Creating low-income job alternatives

B. Raising public spending during periods of low demand

C. Privatizing large sections of the labour market

D. Lowering taxes to suppress inflation

20 / 40

20. Youth unemployment in Nigeria is exacerbated by:

A. Technological advancements in agriculture

B. Inefficiency of educational systems

C. High foreign investment rates

D. Stable rural-urban migration patterns

21 / 40

21. Labour as a derived demand means that:

A. Demand for labour is always constant

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

C. Employers create their own demand

D. Workers determine wage rates directly

22 / 40

22. The informal sector in Nigeria

A. Primarily pays competitive salaries

B. Mainly involves large industrial establishments

C. Avoids trade union activities

D. Employs a large portion of the workforce

23 / 40

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

A. High reliance on informal economic activities

B. Extremely high industrial employment rates

C. Skilled labour abundance

D. Balanced urban-rural labour distribution

24 / 40

24. The term "labour force" includes

A. Unemployed individuals actively seeking work

B. Retirees above 70 years

C. Children below the age of 15

D. Volunteers in social work

25 / 40

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

A. Manufacturing inputs in developing countries

B. Efficient allocation of production technology

C. Consumption theories of wealthy populations

D. Contributions of labour to income and productivity

26 / 40

26. Labour productivity is enhanced by‌

A. Increasing the price of goods produced

B. Imposing fixed participation rates in all sectors

C. Increasing hourly work shifts universally

D. Higher investment in education and training

27 / 40

27. A mismatch in job skills often results in:

A. Increased educational demand

B. Skilled worker shortages

C. Higher employment rates

D. Reduced workforce mobility

28 / 40

28. Government strategies to enhance formal sector employment include:

A. Increasing trade restrictions globally

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

C. Outsourcing all public projects

D. Deregulating the financial sector completely

29 / 40

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

A. Contributes productive services like physical effort and skill

B. Focuses solely on intellectual services

C. Only benefits the capital market

D. Includes only skilled individuals

30 / 40

30. Collective bargaining often results in:

A. Reducing training opportunities for young workers

B. Prohibitions on wage adjustments during inflation

C. Establishing agreements between employers and workers

D. Restrictions on productivity improvements

31 / 40

31. Structural unemployment is caused by:

A. Declines in population growth rates

B. A mismatch between workers' skills and job requirements

C. Excessive geographical mobility

D. Overproduction in the agricultural sector

32 / 40

32. Elasticity of labour demand is influenced by:

A. Mobility of labour

B. Cultural traditions affecting the workweek

C. The number of trade unions

D. Availability of substitutes for labour

33 / 40

33. Equilibrium wage rate is determined by:

A. The interaction of labour supply and demand forces

B. International trade conditions

C. Minimum wages solely

D. Government policy enforcement

34 / 40

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

A. Allowing wages to fall significantly

B. Raising tax rates sharply

C. Restricting the flow of new labour into the economy

D. Implementing government spending to boost demand

35 / 40

35. Wages are classified into:

A. In-kind and agricultural settlements

B. Fixed yearly salaries exclusively

C. Monetary and non-monetary payments

D. Seasonal incomes only

36 / 40

36. Structural unemployment can best be addressed by:

A. Imposing trade restrictions on foreign goods

B. Continuous wage reduction across key industries

C. Improving skills through vocational training programs

D. Increasing interest rates significantly

37 / 40

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

A. Educational access and pay scales

B. Rural industries exclusively

C. Female executives positively

D. Only self-employed women

38 / 40

38. The high population growth in Nigeria has resulted in

A. Fewer school dropouts among young workers

B. Increased unemployment in urban regions

C. Rapid industrialization reducing agricultural employment

D. Adequate workforce balance between urban and rural areas

39 / 40

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

A. Access to modern healthcare programs

B. Inadequate job security and low wages

C. High employer-provided benefits

D. Guaranteed union representation

40 / 40

40. ‌Sectoral distribution of the workforce refers to:

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

B. Historical migration trends affecting rural workers

C. Equal labour distribution across economic sectors

D. Employment patterns in urban areas only

Your score is

The average score is 51%

ECN 213 CBT PRACTICE

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