Government Intervention in Business and Economic Affairs (Leaving Cert Business): Quizzes

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Government Intervention in Business and Economic Affairs
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What type of economy does Ireland operate?

Mixed economy

Why does the government provide rural bus services?

Private firms find them unprofitable

Which agency monitors business activities that could harm the environment?

EPA

Which Act created the Competition and Consumer Protection Commission?

Consumer Protection Act 2007

By how much did the 2002 plastic bag levy reduce consumption?

Over 90%

What is stamp duty?

Tax for changing property ownership docs

What is one effect of cross-border shopping on Irish businesses?

Decreased sales and profits

What is fiscal policy?

Govt's method of raising & spending money

Which is an example of current expenditure?

Public servants' wages

What tax relief does the Employment & Investment Incentive provide?

Up to 40%

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