Irish Businesses & International Trade (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Why must Ireland import citrus fruits and coffee?
Why must Ireland import citrus fruits and coffee?
Irish climate unsuitable for growing them
How many consumers do Irish businesses access as EU members?
How many consumers do Irish businesses access as EU members?
Over 400 million consumers
How do economies of scale benefit Irish exporters?
How do economies of scale benefit Irish exporters?
Higher production reduces cost per unit
What trading advantage does the euro currency provide?
What trading advantage does the euro currency provide?
Stability & removes exchange rate risks
Why do Irish businesses face high transport costs?
Why do Irish businesses face high transport costs?
Ireland's island location
What is visible trade?
What is visible trade?
Importing/exporting physical goods
Which is an example of a visible import?
Which is an example of a visible import?
Cars and computers from China
Which represents an invisible export for Ireland?
Which represents an invisible export for Ireland?
Spanish tourists spending in Ireland
If total exports = €125m and total imports = €110m, what is the balance of payments?
If total exports = €125m and total imports = €110m, what is the balance of payments?
€15m surplus
What happens when a country has a trade deficit?
What happens when a country has a trade deficit?
Government may increase taxes/VAT