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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. Educational disparities in the Nigerian labour force affect:

A. Employment opportunities and industrial development

B. The demand for private-sector jobs

C. National GDP only through oil output

D. Rural regions positively through local systems

2 / 40

2. 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. Workers determine wage rates directly

D. Employers create their own demand

3 / 40

3. 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

4 / 40

4. Youth unemployment in Nigeria is exacerbated by:

A. High foreign investment rates

B. Stable rural-urban migration patterns

C. Technological advancements in agriculture

D. Inefficiency of educational systems

5 / 40

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

A. Manufacturing inputs in developing countries

B. Contributions of labour to income and productivity

C. Efficient allocation of production technology

D. Consumption theories of wealthy populations

6 / 40

6. ‌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

7 / 40

7. Structural unemployment is caused by:

A. Overproduction in the agricultural sector

B. A mismatch between workers' skills and job requirements

C. Declines in population growth rates

D. Excessive geographical mobility

8 / 40

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

A. Reducing job availability across sectors

B. Substituting technology for skilled workers

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

D. Introducing higher taxation levels in rural areas

9 / 40

9. Keynesian unemployment theory states that unemployment results from:

A. Changes in global trade patterns

B. Supply-side inefficiencies

C. Market deregulation

D. Inadequate investment leading to demand deficiencies

10 / 40

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

A. Educational access and pay scales

B. Rural industries exclusively

C. Only self-employed women

D. Female executives positively

11 / 40

11. 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

12 / 40

12. 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

13 / 40

13. 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

14 / 40

14. Structural unemployment can best be addressed by:

A. Increasing interest rates significantly

B. Improving skills through vocational training programs

C. Continuous wage reduction across key industries

D. Imposing trade restrictions on foreign goods

15 / 40

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

A. Contributes productive services like physical effort and skill

B. Only benefits the capital market

C. Includes only skilled individuals

D. Focuses solely on intellectual services

16 / 40

16. Policies to reduce cyclical unemployment often emphasize:

A. Lowering taxes to suppress inflation

B. Creating low-income job alternatives

C. Raising public spending during periods of low demand

D. Privatizing large sections of the labour market

17 / 40

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

A. Access to modern healthcare programs

B. Inadequate job security and low wages

C. Guaranteed union representation

D. High employer-provided benefits

18 / 40

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

A. Implementing government spending to boost demand

B. Raising tax rates sharply

C. Allowing wages to fall significantly

D. Restricting the flow of new labour into the economy

19 / 40

19. 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

20 / 40

20. Wages are classified into:

A. Fixed yearly salaries exclusively

B. In-kind and agricultural settlements

C. Monetary and non-monetary payments

D. Seasonal incomes only

21 / 40

21. Collective bargaining often results in:

A. Reducing training opportunities for young workers

B. Restrictions on productivity improvements

C. Establishing agreements between employers and workers

D. Prohibitions on wage adjustments during inflation

22 / 40

22. 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

23 / 40

23. Sectoral distribution of the workforce refers to:‌

A. Historical migration trends affecting rural workers

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

C. Employment patterns in urban areas only

D. Equal labour distribution across economic sectors

24 / 40

24. Equilibrium wage rate is determined by:

A. International trade conditions

B. Government policy enforcement

C. Minimum wages solely

D. The interaction of labour supply and demand forces

25 / 40

25. 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

26 / 40

26. ‌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

27 / 40

27. 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

28 / 40

28. The term "labour force" includes

A. Unemployed individuals actively seeking work

B. Retirees above 70 years

C. Volunteers in social work

D. Children below the age of 15

29 / 40

29. Labour supply determinants include:

A. Reduced female workforce participation

B. Wage levels and working conditions

C. Fixed population sizes only

D. Limited to family decision-making patterns

30 / 40

30. Seasonal unemployment is common in:

A. Agriculture during off-planting seasons

B. Technology-driven economies

C. Education systems for school-aged children

D. Urban industrial sectors

31 / 40

31. Frictional unemployment arises when:

A. People are temporarily between jobs

B. Seasonal demands cease

C. Technology replaces human labour

D. Labour markets fail entirely

32 / 40

32. A mismatch in job skills often results in:

A. Increased educational demand

B. Skilled worker shortages

C. Higher employment rates

D. Reduced workforce mobility

33 / 40

33. The high population growth in Nigeria has resulted in

A. Rapid industrialization reducing agricultural employment

B. Adequate workforce balance between urban and rural areas

C. Increased unemployment in urban regions

D. Fewer school dropouts among young workers

34 / 40

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

A. Extremely high industrial employment rates

B. Skilled labour abundance

C. High reliance on informal economic activities

D. Balanced urban-rural labour distribution

35 / 40

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

A. Population growth and participation rates

B. Incomes from agricultural exports

C. Only industrial development

D. Fixed government quotas

36 / 40

36. 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

37 / 40

37. 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

38 / 40

38. Labour economics primarily studies:

A. Dynamics of capital formation

B. Behaviour of employers and employees in the labour market

C. Entrepreneurship development models

D. Consumption patterns in rural areas

39 / 40

39. 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

40 / 40

40. Elasticity of labour demand is influenced by:

A. The number of trade unions

B. Cultural traditions affecting the workweek

C. Mobility of labour

D. Availability of substitutes for labour

Your score is

The average score is 51%

ECN 213 CBT PRACTICE

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