WASSCE Economics · Paper 1 style

Labour market

One sample question with the full working. 3 more in the app, with instant feedback and repair sessions for the traps below.

A worker who loses a job because of a change in season, such as a farm labourer in the dry season, faces

Astructural unemployment
Bseasonal unemployment
Cfrictional unemployment
Ddisguised unemployment

Show the answer and working

Answer: B

Season-related job loss = seasonal unemployment.

Trap A Misunderstands types and measurement of unemployment: Unemployment rate = unemployed/labour force × 100 (labour force = employed + unemployed). Frictional: between jobs. Structural: mismatch of skills/industries. Cyclical: lack of aggregate demand. Seasonal: varies with seasons.

Trap C Applies the rule for the opposite case: Before answering, name the case in the stem (inelastic? price floor ABOVE equilibrium? point INSIDE the PPC?) and recall the rule for that case only.

Trap D Picks a closely related concept: Learn related terms as contrasting pairs with one-line definitions, and identify which one the stem describes.

Traps in Labour market

Misunderstands types and measurement of unemployment
Unemployment rate = unemployed/labour force × 100 (labour force = employed + unemployed). Frictional: between jobs. Structural: mismatch of skills/industries. Cyclical: lack of aggregate demand. Seasonal: varies with seasons.
Applies the rule for the opposite case
Before answering, name the case in the stem (inelastic? price floor ABOVE equilibrium? point INSIDE the PPC?) and recall the rule for that case only.
Picks a closely related concept
Learn related terms as contrasting pairs with one-line definitions, and identify which one the stem describes.
Confuses forms of business organisation
Sole trader: one owner, unlimited liability. Partnership: 2–20 partners, usually unlimited liability. Limited company: separate legal entity, limited liability. Co-operative: one member one vote, surplus shared by patronage.
Gives only part of the answer
List every component in the definition (GDP = C + I + G + (X − M)) and tick them off before answering.

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