[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Economics
  4. JAMB 1999

Economics 1999 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 - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
6
A capitalist economy is one characterized by the?
  • A. private ownership of factors of production
  • B. ownership of factors of production by rich members of the society
  • C. use of capital and labour in fixed proportions during production
  • D. use of capital intensive methods of production
View Answer & Discuss JAMB 1999
7
In a planned economy, what shall be produced is determined primarily by?
  • A. what the consumer wants
  • B. government decisions
  • C. price mechanism
  • D. the pattern of consumer spending
View Answer & Discuss JAMB 1999
8
A utility maximizing household will allocate its expenditure so that?
  • A. more naira is spent on commodities with the highest utility
  • B. less naira is spent on commodities with the lowest utility
  • C. the utility of the last naira spent on each commodity is equal
  • D. the amount spent on each commodity is equal
View Answer & Discuss (2) JAMB 1999
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
9
The downward sloping part of the long-run average cost curve of a firm may be attributable to?
  • A. diminishing returns
  • B. the law of variable proportions
  • C. diseconomies of scale
  • D. increasing returns to scale
View Answer & Discuss (2) JAMB 1999
10
The main function of price in the economic system is to?
  • A. allocate scarce resources among competing uses
  • B. ensure equitable distribution of income and wealth
  • C. determine the demand for and the supply of goods and services
  • D. remove all the constraints on production of goods and services
View Answer & Discuss JAMB 1999
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - 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