JAMB and WAEC Economics questions

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

All JAMB WAEC

Question 521· The labour market· WAEC
A trade union may raise its members' wages through
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Answer: C. collective bargaining
Explanation and discussion
Question 522· The labour market· JAMB
Unemployment of workers who are between jobs is
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Answer: A. frictional unemployment
Explanation and discussion
Question 523· The labour market· JAMB
The wage rate in a competitive labour market is determined by
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Answer: B. demand for and supply of labour
Explanation and discussion
Question 524· The labour market· WAEC
Farm labourers who are idle during the dry season experience
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Answer: A. seasonal unemployment
Explanation and discussion
Question 525· The labour market· WAEC
Frictional unemployment occurs when
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Answer: B. workers are between jobs
Explanation and discussion
Question 526· The labour market· WAEC
Unemployment that occurs because workers lack the skills needed for available jobs is
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Answer: A. structural unemployment
Explanation and discussion
Question 527· The labour market· JAMB
The minimum wage is
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Answer: A. the lowest wage employers are legally allowed to pay
Explanation and discussion
Question 528· The labour market· JAMB
Seasonal unemployment is common in
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Answer: D. agriculture and tourism
Explanation and discussion
Question 529· The labour market· WAEC
Collective bargaining is negotiation between
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Answer: C. employers and trade unions over pay and conditions
Explanation and discussion
Question 530· The labour market· JAMB
Seasonal unemployment is most common among
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Answer: A. farm labourers
Explanation and discussion
Question 531· The labour market· JAMB
Wage differentials between occupations arise mainly from differences in
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Answer: A. skills, training and responsibility
Explanation and discussion
Question 532· The labour market· JAMB
Unemployment caused by long-term changes in the structure of an economy is
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Answer: A. structural unemployment
Explanation and discussion
Question 533· The labour market· JAMB
Structural unemployment is caused by
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Answer: C. long-term changes in the structure of the economy
Explanation and discussion
Question 534· The labour market· WAEC
A factory sends its workers on regular training courses. This mainly raises the
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Answer: B. efficiency of labour
Explanation and discussion
Question 535· The labour market· JAMB
The demand for labour is said to be derived because
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Answer: D. it depends on the demand for the goods labour produces
Explanation and discussion
Question 536· The labour market· JAMB
The labour force of a country consists of
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Answer: D. people of working age who are willing and able to work
Explanation and discussion
Question 537· The labour market· WAEC
A trade union mainly aims to
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Answer: D. improve the wages and working conditions of its members
Explanation and discussion
Question 538· The labour market· WAEC
Disguised unemployment is common in
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Answer: C. subsistence agriculture
Explanation and discussion
Question 539· The labour market· WAEC
If the government fixes a minimum wage above the market wage, the likely result is
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Answer: D. a surplus of labour (unemployment)
Explanation and discussion
Question 540· The labour market· WAEC
The efficiency of labour can be improved by
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Answer: B. training and education
Explanation and discussion

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JAMB and WAEC Economics questions

A trade union may raise its members' wages through

Unemployment of workers who are between jobs is

The wage rate in a competitive labour market is determined by

Farm labourers who are idle during the dry season experience

Frictional unemployment occurs when

Unemployment that occurs because workers lack the skills needed for available jobs is

The minimum wage is

Seasonal unemployment is common in

Collective bargaining is negotiation between

Seasonal unemployment is most common among

Wage differentials between occupations arise mainly from differences in

Unemployment caused by long-term changes in the structure of an economy is

Structural unemployment is caused by

A factory sends its workers on regular training courses. This mainly raises the

The demand for labour is said to be derived because

The labour force of a country consists of

A trade union mainly aims to

Disguised unemployment is common in

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

The efficiency of labour can be improved by