Unemployment and its solutions - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1986

Which of the following strategies will provide more employment opportunities for Nigerians?

A. Investment in social services
B. Industrialization
C. Economics planning
D. Eradication of illiteracy

Question 12:

• JAMB 1987

Frictional unemployment?

A. Is total unemployment minus structural unemployment
B. Occurs when the unemployed are persons with specific training
C. Occurs when the number of job seekers exceeds the number of vacancies
D. Occurs when people are changing jobs

Question 13:

• JAMB 1988

The group of unemployed members of a community who are physically handicapped or disabled, is generally classified under unemployment as?

A. Frictional
B. Cyclical
C. Residual
D. Hidden

Question 14:

• JAMB 1989

In the diagram above what happens when the minimum wage is fixed at OW?

A. Unemployment is reduced
B. Unemployment results
C. The demand schedule will shift
D. The supply schedule will become steeper

Question 15:

• JAMB 1993

What type of unemployment is revealed by the dotted lines on the graph?

A. Frictional unemployment
B. Cyclical unemployment
C. Circular unemployment
D. Underemployment