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. Excessive geographical mobility

B. Declines in population growth rates

C. A mismatch between workers' skills and job requirements

D. Overproduction in the agricultural sector

2 / 40

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

A. Rely solely on industrial incentives

B. Increase taxation on informal sectors

C. Provide better access to quality education

D. Limit international cooperation programs

3 / 40

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

A. Contributions of labour to income and productivity

B. Efficient allocation of production technology

C. Consumption theories of wealthy populations

D. Manufacturing inputs in developing countries

4 / 40

4. The high population growth in Nigeria has resulted in

A. Adequate workforce balance between urban and rural areas

B. Increased unemployment in urban regions

C. Rapid industrialization reducing agricultural employment

D. Fewer school dropouts among young workers

5 / 40

5. Youth unemployment in Nigeria is exacerbated by:

A. Technological advancements in agriculture

B. High foreign investment rates

C. Stable rural-urban migration patterns

D. Inefficiency of educational systems

6 / 40

6. Elasticity of labour demand is influenced by:

A. Availability of substitutes for labour

B. Cultural traditions affecting the workweek

C. The number of trade unions

D. Mobility of labour

7 / 40

7. Labour as a derived demand means that:

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

B. Employers create their own demand

C. Workers determine wage rates directly

D. Demand for labour is always constant

8 / 40

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

A. Only industrial development

B. Population growth and participation rates

C. Fixed government quotas

D. Incomes from agricultural exports

9 / 40

9. The term "labour force" includes

A. Children below the age of 15

B. Volunteers in social work

C. Unemployed individuals actively seeking work

D. Retirees above 70 years

10 / 40

10. Policies to reduce cyclical unemployment often emphasize:

A. Raising public spending during periods of low demand

B. Privatizing large sections of the labour market

C. Lowering taxes to suppress inflation

D. Creating low-income job alternatives

11 / 40

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

A. Contributes productive services like physical effort and skill

B. Includes only skilled individuals

C. Only benefits the capital market

D. Focuses solely on intellectual services

12 / 40

12. 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

13 / 40

13. Collective bargaining often results in:

A. Establishing agreements between employers and workers

B. Prohibitions on wage adjustments during inflation

C. Reducing training opportunities for young workers

D. Restrictions on productivity improvements

14 / 40

14. 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

15 / 40

15. Labour mobility enhances economic efficiency because it:

A. Promotes self-reliance in rural areas

B. Discourages migration between regions

C. Balances labour distribution in high-demand areas

D. Stabilizes wage disparities

16 / 40

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

A. Dominance in technology-oriented sectors

B. Strict government regulation of pay scales

C. High unionization rates and legal protections

D. Lack of formal contracts and job insecurity

17 / 40

17. ‌Sectoral distribution of the workforce refers to:

A. Equal labour distribution across economic sectors

B. Historical migration trends affecting rural workers

C. Employment patterns in urban areas only

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

18 / 40

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

A. Educational access and pay scales

B. Female executives positively

C. Only self-employed women

D. Rural industries exclusively

19 / 40

19. 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

20 / 40

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

A. Declining purchasing power for workers

B. Stagnant wage rates across sectors

C. Elimination of unemployment risks

D. Increased savings for employees

21 / 40

21. A mismatch in job skills often results in:

A. Higher employment rates

B. Skilled worker shortages

C. Reduced workforce mobility

D. Increased educational demand

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 major recommendation of Keynesian economics to reduce unemployment is:

A. Allowing wages to fall significantly

B. Implementing government spending to boost demand

C. Raising tax rates sharply

D. Restricting the flow of new labour into the economy

24 / 40

24. The classical labour market model assumes:

A. Technological unemployment dominates

B. Market forces naturally achieve equilibrium

C. Wages are rigid and inflexible

D. Unemployment is long-term and persistent

25 / 40

25. Labour productivity is enhanced by‌

A. Imposing fixed participation rates in all sectors

B. Increasing the price of goods produced

C. Increasing hourly work shifts universally

D. Higher investment in education and training

26 / 40

26. Government strategies to enhance formal sector employment include:

A. Outsourcing all public projects

B. Deregulating the financial sector completely

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

D. Increasing trade restrictions globally

27 / 40

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

A. Guaranteed union representation

B. High employer-provided benefits

C. Inadequate job security and low wages

D. Access to modern healthcare programs

28 / 40

28. Labour economics primarily studies:

A. Entrepreneurship development models

B. Consumption patterns in rural areas

C. Behaviour of employers and employees in the labour market

D. Dynamics of capital formation

29 / 40

29. Sectoral distribution of the workforce refers to:‌

A. Equal labour distribution across economic sectors

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

C. Historical migration trends affecting rural workers

D. Employment patterns in urban areas only

30 / 40

30. ‌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

31 / 40

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

A. High local consumer demand

B. Education system strength

C. Labour law enforcement

D. Lack of export-based revenues

32 / 40

32. Structural unemployment can best be addressed by:

A. Continuous wage reduction across key industries

B. Improving skills through vocational training programs

C. Increasing interest rates significantly

D. Imposing trade restrictions on foreign goods

33 / 40

33. Equilibrium wage rate is determined by:

A. The interaction of labour supply and demand forces

B. Government policy enforcement

C. Minimum wages solely

D. International trade conditions

34 / 40

34. Labour market theories provide insight into:

A. Industrial capital output priorities

B. Trends unique to closed economies only

C. Economic mechanisms driving labour force behavior and outcomes

D. Academic policies irrelevant to real economies

35 / 40

35. 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

36 / 40

36. 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

37 / 40

37. Frictional unemployment arises when:

A. People are temporarily between jobs

B. Labour markets fail entirely

C. Technology replaces human labour

D. Seasonal demands cease

38 / 40

38. 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

39 / 40

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

A. Reducing job availability across sectors

B. Introducing higher taxation levels in rural areas

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

D. Substituting technology for skilled workers

40 / 40

40. Labour supply determinants include:

A. Wage levels and working conditions

B. Fixed population sizes only

C. Limited to family decision-making patterns

D. Reduced female workforce participation

Your score is

The average score is 51%

ECN 213 CBT PRACTICE

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