JAMB and WAEC Economics questions: The labour market

31 questions with answers and explanations. Tap an option to check yourself.

1. Question 21· The labour market· WAEC

   Disguised unemployment is common in

   • Amanufacturing
   • Bbanking
   • Csubsistence agriculture
   • Doil drilling

   Show answer

   Explanation and discussion

2. Question 22· The labour market· WAEC

   If the government fixes a minimum wage above the market wage, the likely result is

   • Aa fall in wages
   • Ba shortage of labour
   • Cno change in employment
   • Da surplus of labour (unemployment)

   Show answer

   Explanation and discussion

3. Question 23· The labour market· WAEC

   The efficiency of labour can be improved by

   • Areducing wages
   • Btraining and education
   • Clonger hours without rest
   • Dremoving tools

   Show answer

   Explanation and discussion

4. Question 24· The labour market· WAEC

   Mobility of labour refers to

   • Athe number of workers
   • Bthe ease with which workers change jobs or places
   • Cthe wage rate
   • Dtrade union membership

   Show answer

   Explanation and discussion

5. Question 25· The labour market· JAMB

   The main aim of trade unions is to

   • Acollect taxes
   • Bfix prices of goods
   • Cmanage companies
   • Dimprove the wages and working conditions of members

   Show answer

   Explanation and discussion

6. Question 26· The labour market· JAMB

   Cyclical unemployment is caused by

   • Atechnological change
   • Ba fall in aggregate demand during recession
   • Cbad weather
   • Dworkers changing jobs

   Show answer

   Explanation and discussion

7. Question 27· The labour market· JAMB

   In a free labour market, wages are determined by

   • Athe price of land
   • Bthe government alone
   • Cthe trade unions alone
   • Dthe demand for and supply of labour

   Show answer

   Explanation and discussion

8. Question 28· The labour market· JAMB

   Disguised unemployment, common in traditional agriculture, occurs when

   • Aworkers have the wrong skills
   • Bworkers are between jobs
   • Cmore people work on a task than are needed, so some add nothing to output
   • Dwork is seasonal

   Show answer

   Explanation and discussion

9. Question 29· The labour market· WAEC

   Trade unions try to raise wages through

   • Acollective bargaining
   • Bprice control
   • Cprinting money
   • Dexporting goods

   Show answer

   Explanation and discussion

10. Question 30· The labour market· WAEC

    Unemployment caused by a fall in demand in the economy as a whole is

    • Africtional unemployment
    • Bvoluntary unemployment
    • Cseasonal unemployment
    • Dcyclical unemployment

    Show answer

    Explanation and discussion

11. Question 31· The labour market· JAMB

    Unemployment caused by a general downturn (recession) in the economy is

    • Acyclical unemployment
    • Bfrictional unemployment
    • Cseasonal unemployment
    • Dvoluntary unemployment

    Show answer

    Explanation and discussion