Labour Market Concepts Quiz

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What is the primary definition of labour?

Efforts focused solely on skilled trades

Any work performed for a wage

Only mental tasks related to production

All human efforts aimed at producing goods and services, regardless of skill level (correct)

Which of the following is NOT a factor affecting the size of the labour force?

Retirement age

Government regulations on employment (correct)

Population size

Official school leaving age

How does the age structure of a population impact the labor supply?

Age structure has no impact on labor supply.

A larger proportion of individuals aged 18-65 increases the labor supply. (correct)

An aging population decreases the labor supply.

A younger population increases the labor supply.

Which group is considered part of the labour force?

The elderly and handicapped individuals Signup and view all the answers

Which factor is most likely to increase the efficiency of labor?

Advanced technology. Signup and view all the answers

Which of the following groups is most likely to decrease the overall labor supply?

Disabled individuals. Signup and view all the answers

What defines a labour market?

A space where employers and employees negotiate wages and conditions of employment Signup and view all the answers

What is the major obstacle to geographical mobility of labour related to the requirements of specific jobs?

Cost and length of training Signup and view all the answers

Which statement accurately describes the concept of labour force?

It refers to the total number of people available to provide labor Signup and view all the answers

What impact do government policies have on labor supply?

They can prevent certain demographics from working in specific industries. Signup and view all the answers

Which of the following factors may discourage labor mobility due to existing relationships?

Families and friendly ties Signup and view all the answers

How might political instability affect geographical mobility of labour?

Deters migration due to uncertainty Signup and view all the answers

What is the consequence of prolonged training requirements within trade unions?

Discourages individuals from entering the trade. Signup and view all the answers

What is a potential consequence of discrimination in the job market related to labour mobility?

Reduced relocation opportunities Signup and view all the answers

Which factor could hinder labour mobility due to personal experience in a destination?

Language barrier Signup and view all the answers

What is the definition of the labour market?

A place where buyers and sellers of labour exchange goods and services. Signup and view all the answers

Which of the following factors does NOT influence the size of the labour force?

Number of educational institutions. Signup and view all the answers

Which group is considered NOT a member of the labour force?

Children of school age. Signup and view all the answers

What is one of the main reasons labor may be unwilling to move between occupations?

Inadequate information about wage rates Signup and view all the answers

How does the number of disabled people in the working population affect the labour force?

It decreases the number of available workers. Signup and view all the answers

Which condition of service is NOT mentioned as affecting labor mobility?

Work-life balance Signup and view all the answers

Which age group is classified as working age for the labour force?

18-65 years. Signup and view all the answers

Which factor is identified as contributing to labor efficiency?

Good remuneration Signup and view all the answers

What is one effect of a low school leaving age on the labour force?

It increases the proportion of the labour force. Signup and view all the answers

Which of the following factors does NOT enhance occupational mobility?

Discrimination Signup and view all the answers

How does migration influence the labour force?

High migration increases the labour supply. Signup and view all the answers

What determines the conditions under which labour is sold in the market?

Market forces. Signup and view all the answers

What is one factor that can improve labor efficiency?

Access to quality land and equipment Signup and view all the answers

What is geographical mobility of labour primarily concerned with?

The ease of moving between geographical locations. Signup and view all the answers

How can government policies impact labour mobility?

By encouraging movement to different locations. Signup and view all the answers

Which factor does NOT directly affect the geographical mobility of labour?

Health of workers. Signup and view all the answers

What is an example of occupational mobility of labour?

Switching from a job as a teacher to a role in marketing. Signup and view all the answers

Which of the following is NOT a factor that can enhance the efficiency of labour?

Poor weather conditions. Signup and view all the answers

Which factor is directly related to the availability of essential services that impact labour mobility?

Social and economic infrastructure. Signup and view all the answers

What type of mobility focuses on the ease of transitioning between jobs without changing location?

Occupational mobility. Signup and view all the answers

Which of the following factors can improve the efficiency of labour by promoting better working conditions?

Conditions of service. Signup and view all the answers

What primarily impacts the mobility of labour in an economy?

Geographical and occupational factors Signup and view all the answers

What is likely to cause labour to be unwilling to move?

High costs of relocation Signup and view all the answers

What was the mainstay of the Nigerian economy before the discovery of oil?

Agriculture Signup and view all the answers

Which factor has negatively impacted employment in Nigeria?

Corruption and macro-economic instability Signup and view all the answers

What percentage of the workforce in Nigeria is engaged in intensive sectors?

95% Signup and view all the answers