"Recovery model" was a new concept introduced with SQL Server 2000. The closest thing in SQL Server 7 would be to check the "trunc. log on chkpt." and "select into/bulkcopy" settings with sp_dboption <dbname>, e.g.:
exec sp_dboption northwind,'trunc'
exec sp_dboption northwind,'bulk'
ON and ON would equate to Simple, OFF and ON would be Bulk-Logged, and OFF and OFF would be Full.
--Jonathan