Unemployment and its solutions - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1981

One of the probable effects of an increased minimum wage in Nigeria is?

A. To create volunteer unemployment
B. To decrease the wage rate
C. To increase the level of unemployment
D. To create involuntary unemployment
E. To increase the demand for labour

Question 7:

• JAMB 1982

What is the growth rate of employment?

A. 18%
B. 10%
C. 6.7%
D. 5.7%
E. 4.1%

Question 8:

• JAMB 1983

Full employment is a situation in which?

A. Every adult is employed
B. All adults who can work are employed
C. All person who attained the age of 15 and above are employed
D. Only the disabled are not employed
E. All those who are able and eligible can find employment

Question 9:

• JAMB 1985

Disguised unemployment

A. Exist when manpower is not being utilized efficiently
B. Calls for the implementation of five plans
C. Can be eliminated if the press is free
D. Can be eliminated if the capital output ratio is increased
E. Is a statistical artifact with no economic meaning

Question 10:

• JAMB 1985

The unemployment associated with a recession is called?

A. Voluntary
B. Frictonal
C. Cyclical
D. Structural
E. Maximum