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SECTION E Resources for teaching EMS


Additional Term 1 control test


SECTION A Question 1: Multiple choice


Four options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question number (1.1–1.3) in your test/exercise book.


1.1 A promissory note ... A is a promise given from one person to another. B is when two people write a promise that they will do something together on a specific date.


C is written evidence that a person will pay a specific sum of money to another on a specific date or when it is demanded from them.


D is a promise from the bank to pay a person who presents the note, the amount written on it.


1.2 The difference between goods and services is ... A one is something you can physically touch and the other is something that is done for you. B the amount that the seller charges. C only a problem if a business sells both. D a person only pays for goods and not for a service.


1.3 Income tax is ... A only paid by formal businesses. B only paid by people who have a job. C paid by formal and informal businesses D paid by formal businesses.


(3 × 2) [6]


Question 2: Choose the correct term


Identify the sector of the economy that each pair of photos represents, for example primary, secondary, tertiary. Write only the word/term next to the question number (2.1–2.3) in your test or exercise book.


Additional Term 1 control test 9780199052050_OS_Economics_7_TG_CAPS2017.indb 95


95 11/29/17 9:02 AM


TERM 4


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