[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Economics
  4. JAMB 1990

Economics 1990 JAMB Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1
If one orange costs 20k and one kilogram of beef costs N10.00, the opportunity cost of one kilogram of beef is?
  • A. 50 oranges
  • B. 10 oranges
  • C. 5 oranges
  • D. 9.80
View Answer & Discuss (5) JAMB 1990
2
In economic life, choice among alternatives depends on the?
  • A. income of the decision maker
  • B. scarcity of resources
  • C. scale of preference of the decision maker
  • D. status of the decision maker
View Answer & Discuss JAMB 1990
3
One of the major advantages of specialization is that?
  • A. the worker becomes a tenderer of machines
  • B. it causes more employment of labour
  • C. less machinery is required for production
  • D. the worker wastes less time between operations
View Answer & Discuss JAMB 1990
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
4
Which of following rewards is associated with entrepreneurship as a factor of production?
  • A. Salaries
  • B. Profit
  • C. Interests
  • D. Rents
View Answer & Discuss JAMB 1990
5
A firm achieves least-cost in production by substituting factors until?
  • A. their prices are equal
  • B. the ratio of their marginal -physical-products equals the ratio of their prices
  • C. their marginal -physical-products are each equal to their factor prices
  • D. their marginal -physical-products are each equal to zero
View Answer & Discuss (4) JAMB 1990
Start a Free Practice Test
 
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now