Privatisation and Nationalisation (Leaving Cert Business): Quizzes
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10 questions from this quiz
What is privatisation?
What is privatisation?
Selling state-owned firms to private investors
How much did IAG pay for Aer Lingus in 2015?
How much did IAG pay for Aer Lingus in 2015?
€1.5 billion
How can privatised businesses raise money more easily than state enterprises?
How can privatised businesses raise money more easily than state enterprises?
Bank loans, share issues, financial markets
What consumer benefit results from ending state monopolies through privatisation?
What consumer benefit results from ending state monopolies through privatisation?
More choices and lower prices
Why might privatisation lead to rising unemployment?
Why might privatisation lead to rising unemployment?
Private firms streamline operations & cut staff
What is nationalisation?
What is nationalisation?
Government taking control of private firms
Which Irish bank was nationalised in 2009?
Which Irish bank was nationalised in 2009?
Anglo Irish Bank
What is a key benefit of nationalisation for citizens?
What is a key benefit of nationalisation for citizens?
Vital services continue for all citizens
What financial challenge does nationalisation create?
What financial challenge does nationalisation create?
Significant investment & taxpayer burden
Which sectors are considered strategic industries in the note?
Which sectors are considered strategic industries in the note?
Transport, energy, water, communications