ECN 213 CBT PRACTICE : Undergragra

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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. 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

2 / 40

2. Collective bargaining often results in:

A. Restrictions on productivity improvements

B. Establishing agreements between employers and workers

C. Reducing training opportunities for young workers

D. Prohibitions on wage adjustments during inflation

3 / 40

3. 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

4 / 40

4. The informal sector in Nigeria

A. Employs a large portion of the workforce

B. Mainly involves large industrial establishments

C. Primarily pays competitive salaries

D. Avoids trade union activities

5 / 40

5. Elasticity of labour demand is influenced by:

A. The number of trade unions

B. Mobility of labour

C. Cultural traditions affecting the workweek

D. Availability of substitutes for labour

6 / 40

6. Labour productivity is enhanced by‌

A. Imposing fixed participation rates in all sectors

B. Increasing hourly work shifts universally

C. Higher investment in education and training

D. Increasing the price of goods produced

7 / 40

7. Educational disparities in the Nigerian labour force affect:

A. Employment opportunities and industrial development

B. The demand for private-sector jobs

C. Rural regions positively through local systems

D. National GDP only through oil output

8 / 40

8. 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

9 / 40

9. Equilibrium wage rate is determined by:

A. International trade conditions

B. Minimum wages solely

C. Government policy enforcement

D. The interaction of labour supply and demand forces

10 / 40

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

A. Increase taxation on informal sectors

B. Limit international cooperation programs

C. Provide better access to quality education

D. Rely solely on industrial incentives

11 / 40

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

A. Strict government regulation of pay scales

B. Dominance in technology-oriented sectors

C. Lack of formal contracts and job insecurity

D. High unionization rates and legal protections

12 / 40

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

A. Inadequate job security and low wages

B. Guaranteed union representation

C. High employer-provided benefits

D. Access to modern healthcare programs

13 / 40

13. Policies to reduce cyclical unemployment often emphasize:

A. Creating low-income job alternatives

B. Lowering taxes to suppress inflation

C. Privatizing large sections of the labour market

D. Raising public spending during periods of low demand

14 / 40

14. Youth unemployment in Nigeria is exacerbated by:

A. Technological advancements in agriculture

B. High foreign investment rates

C. Inefficiency of educational systems

D. Stable rural-urban migration patterns

15 / 40

15. Labour as a derived demand means that:

A. Workers determine wage rates directly

B. Demand for labour is always constant

C. Employers create their own demand

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

16 / 40

16. Labour mobility enhances economic efficiency because it:

A. Discourages migration between regions

B. Balances labour distribution in high-demand areas

C. Stabilizes wage disparities

D. Promotes self-reliance in rural areas

17 / 40

17. Frictional unemployment arises when:

A. People are temporarily between jobs

B. Technology replaces human labour

C. Labour markets fail entirely

D. Seasonal demands cease

18 / 40

18. Structural unemployment can best be addressed by:

A. Continuous wage reduction across key industries

B. Increasing interest rates significantly

C. Improving skills through vocational training programs

D. Imposing trade restrictions on foreign goods

19 / 40

19. ‌Sectoral distribution of the workforce refers to:

A. Equal labour distribution across economic sectors

B. Employment patterns in urban areas only

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

D. Historical migration trends affecting rural workers

20 / 40

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

A. Introducing higher taxation levels in rural areas

B. Reducing job availability across sectors

C. Substituting technology for skilled workers

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

21 / 40

21. ‌Sectoral distribution of the workforce refers to:

A. Equal labour distribution across economic sectors

B. Employment patterns in urban areas only

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

D. Historical migration trends affecting rural workers

22 / 40

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

A. Strong governmental protections for minors

B. Parental choices linked to poverty

C. Employment growth in modern industries

D. High wages for unskilled youth

23 / 40

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

A. Female executives positively

B. Educational access and pay scales

C. Rural industries exclusively

D. Only self-employed women

24 / 40

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

A. Fixed government quotas

B. Population growth and participation rates

C. Only industrial development

D. Incomes from agricultural exports

25 / 40

25. 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

26 / 40

26. A mismatch in job skills often results in:

A. Increased educational demand

B. Skilled worker shortages

C. Reduced workforce mobility

D. Higher employment rates

27 / 40

27. Wages are classified into:

A. Fixed yearly salaries exclusively

B. Monetary and non-monetary payments

C. Seasonal incomes only

D. In-kind and agricultural settlements

28 / 40

28. The term "labour force" includes

A. Children below the age of 15

B. Volunteers in social work

C. Retirees above 70 years

D. Unemployed individuals actively seeking work

29 / 40

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

A. Implementing government spending to boost demand

B. Allowing wages to fall significantly

C. Restricting the flow of new labour into the economy

D. Raising tax rates sharply

30 / 40

30. Government strategies to enhance formal sector employment include:

A. Increasing trade restrictions globally

B. Outsourcing all public projects

C. Deregulating the financial sector completely

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

31 / 40

31. The classical labour market model assumes:

A. Market forces naturally achieve equilibrium

B. Wages are rigid and inflexible

C. Unemployment is long-term and persistent

D. Technological unemployment dominates

32 / 40

32. Keynesian unemployment theory states that unemployment results from:

A. Inadequate investment leading to demand deficiencies

B. Changes in global trade patterns

C. Supply-side inefficiencies

D. Market deregulation

33 / 40

33. Structural unemployment is caused by:

A. A mismatch between workers' skills and job requirements

B. Declines in population growth rates

C. Overproduction in the agricultural sector

D. Excessive geographical mobility

34 / 40

34. Labour economics primarily studies:

A. Behaviour of employers and employees in the labour market

B. Consumption patterns in rural areas

C. Entrepreneurship development models

D. Dynamics of capital formation

35 / 40

35. 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

36 / 40

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

A. Education system strength

B. Labour law enforcement

C. High local consumer demand

D. Lack of export-based revenues

37 / 40

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

A. Contributions of labour to income and productivity

B. Manufacturing inputs in developing countries

C. Efficient allocation of production technology

D. Consumption theories of wealthy populations

38 / 40

38. Labour market theories provide insight into:

A. Industrial capital output priorities

B. Academic policies irrelevant to real economies

C. Trends unique to closed economies only

D. Economic mechanisms driving labour force behavior and outcomes

39 / 40

39. Labour supply determinants include:

A. Limited to family decision-making patterns

B. Reduced female workforce participation

C. Wage levels and working conditions

D. Fixed population sizes only

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. Adequate workforce balance between urban and rural areas

D. Rapid industrialization reducing agricultural employment

Your score is

The average score is 51%

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