Grade 7 EMS Term 1 Test 1 + Memo
About this resource
Help your Grade 7 learner prepare for Term 1 Economic & Management Sciences (EMS) with this comprehensive 50-mark practice test, complete with a full memorandum. The test has a duration of 1 hour and includes a balanced combination of lower-, middle- and higher-order questions.
The test covers:
- The history of money
- Bartering and the barter system
- Commodity money and fiat money
- How money has evolved over time
- Advantages of money over bartering
- Characteristics of money
- Electronic Funds Transfers (EFTs)
- ATMs and denominations
- Traditional societies
- Needs and wants
- Differentiating between needs and wants
- Managing a household budget
- Prioritising essential expenses
- Saving and responsible spending
- Goods and services
- Capital goods
- Consumers and producers
- Public and private goods
- Free and economic goods
- Supply and demand
- Using resources effectively
- Inequality and poverty
- Causes of poverty in South Africa
- Effects of poverty on communities
- Ways governments and organisations can reduce inequality
The test includes definitions, column matching, true or false, short-answer questions, scenarios and application-based questions. Learners work with realistic examples, including a household budgeting scenario where they must suggest ways to prioritise needs over wants, as well as the Green Market case study, which explores goods, services, capital goods, consumers and producers.
Total: 50 marks | Duration: 1 hour | Full memorandum included | PDF format.
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