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Grade 7 Economic and Management Sciences Term 1 Quiz
Grade 7 Economic and Management Sciences Term 1 Quiz
Quiz
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Question 10
Question 11
Question 12
Question 13
Question 14
Question 15
Question 16
Question 17
Question 18
Question 19
Question 20
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Which of the following best describes a 'subsistence economy' in traditional societies?
A.
A society that relies heavily on trade with other communities.
B.
A society where people are self-sufficient and live on what nature provides, with no trade.
C.
A society that uses advanced technology to produce goods for trade.
D.
A society where people specialize in specific goods and services for exchange.
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