Unemployment and its solutions - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 1994

Unemployment can be reduced by?

A. Restricting the productive base of the economy
B. Adopting capital-intensive techniques of production
C. Adopting labour-intensive techniques of production
D. Adopting a mixture of labour and capital-intensive techniques of production

Question 17:

• JAMB 1998

In the diagram above, full employment is indicated by

A. L
B. M
C. N
D. P

Question 18:

• JAMB 2001

If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?

A. 0.4%
B. 40.0%
C. 10.0%
D. 4.0%

Question 19:

• JAMB 2010

A strategy for curbing unemployment is to

A. Implement government stabilization policy
B. Increase taxes and decrease government expenditure
C. Increase government expenditure and decrease taxes
D. Ensure even distribution of job opportunities

Question 20:

• JAMB 2013

If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one this implies that Mr.X was

A. Structurally unemployed
B. Frictionally unemployed
C. Seasonally unemployed
D. Cyclically unemployed