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. Labour economics primarily studies:

A. Entrepreneurship development models

B. Behaviour of employers and employees in the labour market

C. Dynamics of capital formation

D. Consumption patterns in rural areas

2 / 40

2. Frictional unemployment arises when:

A. Technology replaces human labour

B. Labour markets fail entirely

C. People are temporarily between jobs

D. Seasonal demands cease

3 / 40

3. The informal sector in Nigeria

A. Primarily pays competitive salaries

B. Avoids trade union activities

C. Mainly involves large industrial establishments

D. Employs a large portion of the workforce

4 / 40

4. Elasticity of labour demand is influenced by:

A. Mobility of labour

B. Availability of substitutes for labour

C. Cultural traditions affecting the workweek

D. The number of trade unions

5 / 40

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

A. Balanced urban-rural labour distribution

B. Extremely high industrial employment rates

C. High reliance on informal economic activities

D. Skilled labour abundance

6 / 40

6. Equilibrium wage rate is determined by:

A. Minimum wages solely

B. Government policy enforcement

C. International trade conditions

D. The interaction of labour supply and demand forces

7 / 40

7. ‌Sectoral distribution of the workforce refers to:

A. Employment patterns in urban areas only

B. Historical migration trends affecting rural workers

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

D. Equal labour distribution across economic sectors

8 / 40

8. Sectoral distribution of the workforce refers to:‌

A. Employment patterns in urban areas only

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

C. Equal labour distribution across economic sectors

D. Historical migration trends affecting rural workers

9 / 40

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

A. Consumption theories of wealthy populations

B. Manufacturing inputs in developing countries

C. Efficient allocation of production technology

D. Contributions of labour to income and productivity

10 / 40

10. 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. Substituting technology for skilled workers

D. Reducing job availability across sectors

11 / 40

11. Labour productivity is enhanced by‌

A. Increasing the price of goods produced

B. Higher investment in education and training

C. Increasing hourly work shifts universally

D. Imposing fixed participation rates in all sectors

12 / 40

12. Collective bargaining often results in:

A. Establishing agreements between employers and workers

B. Reducing training opportunities for young workers

C. Restrictions on productivity improvements

D. Prohibitions on wage adjustments during inflation

13 / 40

13. Seasonal unemployment is common in:

A. Education systems for school-aged children

B. Urban industrial sectors

C. Technology-driven economies

D. Agriculture during off-planting seasons

14 / 40

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

A. High unionization rates and legal protections

B. Strict government regulation of pay scales

C. Dominance in technology-oriented sectors

D. Lack of formal contracts and job insecurity

15 / 40

15. Labour mobility enhances economic efficiency because it:

A. Balances labour distribution in high-demand areas

B. Stabilizes wage disparities

C. Discourages migration between regions

D. Promotes self-reliance in rural areas

16 / 40

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

A. Fixed government quotas

B. Incomes from agricultural exports

C. Only industrial development

D. Population growth and participation rates

17 / 40

17. The high population growth in Nigeria has resulted in

A. Increased unemployment in urban regions

B. Rapid industrialization reducing agricultural employment

C. Adequate workforce balance between urban and rural areas

D. Fewer school dropouts among young workers

18 / 40

18. 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

19 / 40

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

A. High employer-provided benefits

B. Guaranteed union representation

C. Access to modern healthcare programs

D. Inadequate job security and low wages

20 / 40

20. 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

21 / 40

21. The classical labour market model assumes:

A. Technological unemployment dominates

B. Wages are rigid and inflexible

C. Unemployment is long-term and persistent

D. Market forces naturally achieve equilibrium

22 / 40

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

A. Declining purchasing power for workers

B. Increased savings for employees

C. Elimination of unemployment risks

D. Stagnant wage rates across sectors

23 / 40

23. 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

24 / 40

24. 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

25 / 40

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

A. Employment growth in modern industries

B. High wages for unskilled youth

C. Parental choices linked to poverty

D. Strong governmental protections for minors

26 / 40

26. Keynesian unemployment theory states that unemployment results from:

A. Supply-side inefficiencies

B. Inadequate investment leading to demand deficiencies

C. Changes in global trade patterns

D. Market deregulation

27 / 40

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

A. Implementing government spending to boost demand

B. Allowing wages to fall significantly

C. Raising tax rates sharply

D. Restricting the flow of new labour into the economy

28 / 40

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

A. Lack of export-based revenues

B. High local consumer demand

C. Labour law enforcement

D. Education system strength

29 / 40

29. Policies to reduce cyclical unemployment often emphasize:

A. Privatizing large sections of the labour market

B. Raising public spending during periods of low demand

C. Lowering taxes to suppress inflation

D. Creating low-income job alternatives

30 / 40

30. Government strategies to enhance formal sector employment include:

A. Increasing trade restrictions globally

B. Deregulating the financial sector completely

C. Outsourcing all public projects

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

31 / 40

31. Wages are classified into:

A. Fixed yearly salaries exclusively

B. In-kind and agricultural settlements

C. Seasonal incomes only

D. Monetary and non-monetary payments

32 / 40

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

A. Female executives positively

B. Educational access and pay scales

C. Only self-employed women

D. Rural industries exclusively

33 / 40

33. Youth unemployment in Nigeria is exacerbated by:

A. High foreign investment rates

B. Stable rural-urban migration patterns

C. Inefficiency of educational systems

D. Technological advancements in agriculture

34 / 40

34. ‌Sectoral distribution of the workforce refers to:

A. Employment patterns in urban areas only

B. Historical migration trends affecting rural workers

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

D. Equal labour distribution across economic sectors

35 / 40

35. 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

36 / 40

36. The term "labour force" includes

A. Retirees above 70 years

B. Unemployed individuals actively seeking work

C. Volunteers in social work

D. Children below the age of 15

37 / 40

37. Educational disparities in the Nigerian labour force affect:

A. The demand for private-sector jobs

B. Employment opportunities and industrial development

C. National GDP only through oil output

D. Rural regions positively through local systems

38 / 40

38. Structural unemployment is caused by:

A. A mismatch between workers' skills and job requirements

B. Excessive geographical mobility

C. Overproduction in the agricultural sector

D. Declines in population growth rates

39 / 40

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

A. Focuses solely on intellectual services

B. Only benefits the capital market

C. Contributes productive services like physical effort and skill

D. Includes only skilled individuals

40 / 40

40. A mismatch in job skills often results in:

A. Reduced workforce mobility

B. Higher employment rates

C. Increased educational demand

D. Skilled worker shortages

Your score is

The average score is 51%

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