CBT TEST

ECN 213 CBT PRACTICE

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

0 683 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. 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

2 / 40

2. 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

3 / 40

3. 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

4 / 40

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

A. Raising tax rates sharply

B. Restricting the flow of new labour into the economy

C. Implementing government spending to boost demand

D. Allowing wages to fall significantly

5 / 40

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

A. Inadequate job security and low wages

B. High employer-provided benefits

C. Guaranteed union representation

D. Access to modern healthcare programs

6 / 40

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

A. Elimination of unemployment risks

B. Stagnant wage rates across sectors

C. Increased savings for employees

D. Declining purchasing power for workers

7 / 40

7. Elasticity of labour demand is influenced by:

A. Cultural traditions affecting the workweek

B. Mobility of labour

C. The number of trade unions

D. Availability of substitutes for labour

8 / 40

8. Structural unemployment can best be addressed by:

A. Imposing trade restrictions on foreign goods

B. Continuous wage reduction across key industries

C. Increasing interest rates significantly

D. Improving skills through vocational training programs

9 / 40

9. Wages are classified into:

A. In-kind and agricultural settlements

B. Monetary and non-monetary payments

C. Fixed yearly salaries exclusively

D. Seasonal incomes only

10 / 40

10. Labour mobility enhances economic efficiency because it:

A. Promotes self-reliance in rural areas

B. Discourages migration between regions

C. Stabilizes wage disparities

D. Balances labour distribution in high-demand areas

11 / 40

11. Educational disparities in the Nigerian labour force affect:

A. Employment opportunities and industrial development

B. Rural regions positively through local systems

C. The demand for private-sector jobs

D. National GDP only through oil output

12 / 40

12. ‌Sectoral distribution of the workforce refers to:

A. Historical migration trends affecting rural workers

B. Equal labour distribution across economic sectors

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

D. Employment patterns in urban areas only

13 / 40

13. The classical labour market model assumes:

A. Wages are rigid and inflexible

B. Technological unemployment dominates

C. Market forces naturally achieve equilibrium

D. Unemployment is long-term and persistent

14 / 40

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

A. Substituting technology for skilled workers

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

C. Reducing job availability across sectors

D. Introducing higher taxation levels in rural areas

15 / 40

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

A. Rely solely on industrial incentives

B. Limit international cooperation programs

C. Provide better access to quality education

D. Increase taxation on informal sectors

16 / 40

16. Sectoral distribution of the workforce refers to:‌

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

B. Employment patterns in urban areas only

C. Historical migration trends affecting rural workers

D. Equal labour distribution across economic sectors

17 / 40

17. ‌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

18 / 40

18. Labour as a derived demand means that:

A. Demand for labour is always constant

B. Workers determine wage rates directly

C. Employers create their own demand

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

19 / 40

19. A mismatch in job skills often results in:

A. Increased educational demand

B. Higher employment rates

C. Skilled worker shortages

D. Reduced workforce mobility

20 / 40

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

A. High unionization rates and legal protections

B. Dominance in technology-oriented sectors

C. Strict government regulation of pay scales

D. Lack of formal contracts and job insecurity

21 / 40

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

A. Consumption theories of wealthy populations

B. Contributions of labour to income and productivity

C. Efficient allocation of production technology

D. Manufacturing inputs in developing countries

22 / 40

22. The term "labour force" includes

A. Children below the age of 15

B. Unemployed individuals actively seeking work

C. Volunteers in social work

D. Retirees above 70 years

23 / 40

23. Keynesian unemployment theory states that unemployment results from:

A. Supply-side inefficiencies

B. Market deregulation

C. Inadequate investment leading to demand deficiencies

D. Changes in global trade patterns

24 / 40

24. Seasonal unemployment is common in:

A. Education systems for school-aged children

B. Technology-driven economies

C. Agriculture during off-planting seasons

D. Urban industrial sectors

25 / 40

25. The informal sector in Nigeria

A. Primarily pays competitive salaries

B. Employs a large portion of the workforce

C. Mainly involves large industrial establishments

D. Avoids trade union activities

26 / 40

26. Policies to reduce cyclical unemployment often emphasize:

A. Creating low-income job alternatives

B. Privatizing large sections of the labour market

C. Raising public spending during periods of low demand

D. Lowering taxes to suppress inflation

27 / 40

27. Labour market theories provide insight into:

A. Economic mechanisms driving labour force behavior and outcomes

B. Trends unique to closed economies only

C. Industrial capital output priorities

D. Academic policies irrelevant to real economies

28 / 40

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

A. Incomes from agricultural exports

B. Only industrial development

C. Population growth and participation rates

D. Fixed government quotas

29 / 40

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

A. Female executives positively

B. Rural industries exclusively

C. Only self-employed women

D. Educational access and pay scales

30 / 40

30. Frictional unemployment arises when:

A. People are temporarily between jobs

B. Labour markets fail entirely

C. Technology replaces human labour

D. Seasonal demands cease

31 / 40

31. Government strategies to enhance formal sector employment include:

A. Outsourcing all public projects

B. Increasing trade restrictions globally

C. Deregulating the financial sector completely

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

32 / 40

32. Equilibrium wage rate is determined by:

A. Government policy enforcement

B. International trade conditions

C. Minimum wages solely

D. The interaction of labour supply and demand forces

33 / 40

33. Youth unemployment in Nigeria is exacerbated by:

A. Inefficiency of educational systems

B. Stable rural-urban migration patterns

C. High foreign investment rates

D. Technological advancements in agriculture

34 / 40

34. Labour economics primarily studies:

A. Consumption patterns in rural areas

B. Behaviour of employers and employees in the labour market

C. Entrepreneurship development models

D. Dynamics of capital formation

35 / 40

35. Labour productivity is enhanced by‌

A. Increasing the price of goods produced

B. Imposing fixed participation rates in all sectors

C. Higher investment in education and training

D. Increasing hourly work shifts universally

36 / 40

36. 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

37 / 40

37. Structural unemployment is caused by:

A. Declines in population growth rates

B. Excessive geographical mobility

C. A mismatch between workers' skills and job requirements

D. Overproduction in the agricultural sector

38 / 40

38. Collective bargaining often results in:

A. Prohibitions on wage adjustments during inflation

B. Reducing training opportunities for young workers

C. Restrictions on productivity improvements

D. Establishing agreements between employers and workers

39 / 40

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

A. Skilled labour abundance

B. Balanced urban-rural labour distribution

C. Extremely high industrial employment rates

D. High reliance on informal economic activities

40 / 40

40. 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

Your score is

The average score is 51%

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

0 683 1 minute read

ECN 213 CBT PRACTICE

Phil

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