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    2019 Ems Term 1 Test

    Uploaded by

    Samuel Thembinkosi Hermans

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    © All Rights Reserved
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    2019 Ems Term 1 Test

    Uploaded by

    Samuel Thembinkosi Hermans
    40 views5 pages

    Original Title

    2019 EMS TERM 1 TEST

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    Download as docx, pdf, or txt
    40 views5 pages

    2019 Ems Term 1 Test

    Uploaded by

    Samuel Thembinkosi Hermans

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 5

    QUESTION 1

    Circle the correct letter


    1.1.1. The exchange of one good for another (2)
    A. Hunting
    B. Bartering
    C. Technology
    D. Promissory note
    1.1.2. Resources that are hard to find are called (2)

    A. Scarce
    B. currency
    C. abundant
    D. paper money
    1.1.3. The tertiary sector is the ……………layer of the economy (2)

    A. First
    B. Third
    C. Second
    D. Fourth
    1.1.4. ……..are things we can see and touch (2)
    A. Goods
    B. Economics
    C. Services
    D. None of the above

    1.1.5. Formal businesses in the trading business category include (2)


    A. Spaza shop
    B. Clothes making
    C. Backyard mechanics
    D. Car dealerships

    [5x2 = 10]
    1.2 State whether the following are True or false
    1.2.1. Silent bartering is when commodities are traded and speech is
    involved…………………. (1)

    1.2.2. Paper money is known as representative money………………………..(1)

    1.2.3. Cowrie shells were used before coins were made…………………. (1)

    1.2.4. Needs and wants have unlimited intensity……………………. (1)

    1.2.5. Electronic Banking was used long before hunting and gathering……………. (1)

    [5x1=5]

    QUESTION 2
    Match the words in Column A with the descriptions in Column B
    COLUMN A COLUMN B ANSWER
    2.1 Economic problem A. Items that you can see 2.1
    and touch
    2.2 Recycling B. Caused by limited 2.2
    resources that are
    unable to satisfy peoples’
    needs
    2.3 Promissory note C. Medium of exchange 2.3

    2.4 Goods D. Process where waste 2.4


    material is used to make
    new products
    2.5 Currency E. A note written to a 2.5
    person owed saying when
    the payment will be made
    (10)
    2.6. Give the names of the following :
    a)

    (2)

    b)

    (2)

    c)

    (2)
    2.7.Give three examples of basic needs and three of secondary needs (6)

    BASIC NEEDS SECONDARY NEEDS

    QUESTION 3
    3.1. Complete the following promissory note (4)
    3.2 Group the followingbusinesses into the THREE SECTORSof the Economy (9)

    SCHOOL FARMING MINING FACTORY


    HOTEL TOURISM SHIPPING - YARD
    CONSTRUCTION FISHING

    Primary Sector Secondary Sector Tertiary Sector

    TOTAL =50 MARKS

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