Home CBT TEST ECN 213 CBT PRACTICE

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. Keynesian unemployment theory states that unemployment results from:

A. Changes in global trade patterns

B. Supply-side inefficiencies

C. Inadequate investment leading to demand deficiencies

D. Market deregulation

2 / 40

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

A. Lack of formal contracts and job insecurity

B. Strict government regulation of pay scales

C. Dominance in technology-oriented sectors

D. High unionization rates and legal protections

3 / 40

3. Labour as a derived demand means that:

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

B. Demand for labour is always constant

C. Employers create their own demand

D. Workers determine wage rates directly

4 / 40

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

A. Efficient allocation of production technology

B. Manufacturing inputs in developing countries

C. Consumption theories of wealthy populations

D. Contributions of labour to income and productivity

5 / 40

5. Government strategies to enhance formal sector employment include:

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

B. Outsourcing all public projects

C. Increasing trade restrictions globally

D. Deregulating the financial sector completely

6 / 40

6. 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

7 / 40

7. A mismatch in job skills often results in:

A. Higher employment rates

B. Skilled worker shortages

C. Increased educational demand

D. Reduced workforce mobility

8 / 40

8. Labour supply determinants include:

A. Limited to family decision-making patterns

B. Wage levels and working conditions

C. Reduced female workforce participation

D. Fixed population sizes only

9 / 40

9. The classical labour market model assumes:

A. Unemployment is long-term and persistent

B. Wages are rigid and inflexible

C. Technological unemployment dominates

D. Market forces naturally achieve equilibrium

10 / 40

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

A. Only self-employed women

B. Female executives positively

C. Educational access and pay scales

D. Rural industries exclusively

11 / 40

11. Wages are classified into:

A. Seasonal incomes only

B. Fixed yearly salaries exclusively

C. In-kind and agricultural settlements

D. Monetary and non-monetary payments

12 / 40

12. Labour mobility enhances economic efficiency because it:

A. Balances labour distribution in high-demand areas

B. Promotes self-reliance in rural areas

C. Stabilizes wage disparities

D. Discourages migration between regions

13 / 40

13. The informal sector in Nigeria

A. Avoids trade union activities

B. Mainly involves large industrial establishments

C. Primarily pays competitive salaries

D. Employs a large portion of the workforce

14 / 40

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

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

B. Reducing job availability across sectors

C. Introducing higher taxation levels in rural areas

D. Substituting technology for skilled workers

15 / 40

15. 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

16 / 40

16. Educational disparities in the Nigerian labour force affect:

A. National GDP only through oil output

B. Rural regions positively through local systems

C. Employment opportunities and industrial development

D. The demand for private-sector jobs

17 / 40

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

A. Skilled labour abundance

B. High reliance on informal economic activities

C. Balanced urban-rural labour distribution

D. Extremely high industrial employment rates

18 / 40

18. Elasticity of labour demand is influenced by:

A. Availability of substitutes for labour

B. Mobility of labour

C. The number of trade unions

D. Cultural traditions affecting the workweek

19 / 40

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

A. Includes only skilled individuals

B. Contributes productive services like physical effort and skill

C. Only benefits the capital market

D. Focuses solely on intellectual services

20 / 40

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

A. Lack of export-based revenues

B. High local consumer demand

C. Education system strength

D. Labour law enforcement

21 / 40

21. 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

22 / 40

22. ‌Sectoral distribution of the workforce refers to:

A. Employment patterns in urban areas only

B. Equal labour distribution across economic sectors

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

D. Historical migration trends affecting rural workers

23 / 40

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

A. Stagnant wage rates across sectors

B. Increased savings for employees

C. Declining purchasing power for workers

D. Elimination of unemployment risks

24 / 40

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

A. Restricting the flow of new labour into the economy

B. Implementing government spending to boost demand

C. Raising tax rates sharply

D. Allowing wages to fall significantly

25 / 40

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

A. Inadequate job security and low wages

B. Access to modern healthcare programs

C. Guaranteed union representation

D. High employer-provided benefits

26 / 40

26. The high population growth in Nigeria has resulted in

A. Adequate workforce balance between urban and rural areas

B. Rapid industrialization reducing agricultural employment

C. Increased unemployment in urban regions

D. Fewer school dropouts among young workers

27 / 40

27. The term "labour force" includes

A. Volunteers in social work

B. Retirees above 70 years

C. Children below the age of 15

D. Unemployed individuals actively seeking work

28 / 40

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

A. Employment growth in modern industries

B. Strong governmental protections for minors

C. High wages for unskilled youth

D. Parental choices linked to poverty

29 / 40

29. ‌Sectoral distribution of the workforce refers to:

A. Equal labour distribution across economic sectors

B. Employment patterns in urban areas only

C. Historical migration trends affecting rural workers

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

30 / 40

30. Labour productivity is enhanced by‌

A. Higher investment in education and training

B. Increasing hourly work shifts universally

C. Increasing the price of goods produced

D. Imposing fixed participation rates in all sectors

31 / 40

31. Frictional unemployment arises when:

A. Seasonal demands cease

B. People are temporarily between jobs

C. Labour markets fail entirely

D. Technology replaces human labour

32 / 40

32. Labour economics primarily studies:

A. Dynamics of capital formation

B. Consumption patterns in rural areas

C. Behaviour of employers and employees in the labour market

D. Entrepreneurship development models

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. 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

35 / 40

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

A. Incomes from agricultural exports

B. Only industrial development

C. Fixed government quotas

D. Population growth and participation rates

36 / 40

36. Equilibrium wage rate is determined by:

A. The interaction of labour supply and demand forces

B. Minimum wages solely

C. Government policy enforcement

D. International trade conditions

37 / 40

37. Seasonal unemployment is common in:

A. Education systems for school-aged children

B. Technology-driven economies

C. Urban industrial sectors

D. Agriculture during off-planting seasons

38 / 40

38. Structural unemployment is caused by:

A. Declines in population growth rates

B. Excessive geographical mobility

C. Overproduction in the agricultural sector

D. A mismatch between workers' skills and job requirements

39 / 40

39. Labour market theories provide insight into:

A. Economic mechanisms driving labour force behavior and outcomes

B. Academic policies irrelevant to real economies

C. Trends unique to closed economies only

D. Industrial capital output priorities

40 / 40

40. Policies to reduce cyclical unemployment often emphasize:

A. Privatizing large sections of the labour market

B. Creating low-income job alternatives

C. Raising public spending during periods of low demand

D. Lowering taxes to suppress inflation

Your score is

The average score is 51%

ECN 213 CBT PRACTICE

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