WorksheetsGrade 8 money quiz
Total questions: 17
Worksheet time: 12mins
A type of farming where people produce everything they need to survive is called ...
subsistence economy
industrialized economy
agricultural economy
survival economy
A system of trade where goods of similar value are exchanged is known as ...
(a)
The first evidence of money(1200BC) was in the form of ...
silver coins
cowry shells
paper money
bronze coins
A payee is somebody who receives money.
True
False
Three advantages of internet banking and shopping are ...
available 24 hours a day
you can check the quality of the product before you buy
saves on travelling and time
more choices of products
your personal information is always safe
Three disadvantages of bartering are ...
it is not always practical
goods are easy to carry
it was difficult to find what you were looking for
goods can be divided into smaller units
there is no common measure of value
An economy where businesses encourage people to buy their goods or services is called a..
consumer economy
urban economy
subsistence economy
diplomatic economy
Which one of these features makes money a suitable medium of exchange?
it is durable
there is plenty of it
it is not portable
it cannot be divided into smaller units
According to Maslow the base(bottom) of the pyramid in his theory refers to a need for...
survival
security
self-esteem
self-actualization
Pick 3 needs that would be considered social needs ...
the need to feel part of a group
the need to give and receive love
the need to have friends
the need to achieve success
the need for food to eat
An example of a self-esteem need is
the need to be good at something
the need to feel safe
the need to be part of a group
the need for oxygen
An example of a natural resource is ...
gold
clothes
tools
money
3 examples of limited resources are
Oil
Water
Sunlight
Coal
Goods that are not free are called...
economic goods
subsistence goods
priced goods
renewable goods
Which of these 2 are factors of production?
Capital
Entrepreneurship
Economic problem
Resources
South Africa's most limited resource is...
water
gold
coal
silver
The economic problem is...
unlimited needs and wants but limited resources
unlimited needs and wants but unlimited resources
limited needs and wants but unlimited resources
limited needs and wants but limited resources
