UNIT 22 European Union (EU) 8. Explain one economic challenge and one social challenge of EU membership for Ireland.
Economic Social
9. Explain one economic benefit and one social benefit of EU membership for Ireland.
Economic Social
10. Green Glas Vegetables is a major supplier of Irish potatoes worldwide, with the UK being their largest market outside of Ireland.
They are concerned about Brexit. Outline two difficulties they may face as a result of Brexit. 1. 2.
Section B: Long Questions 11. Ireland is a member of the EU. Identify two positive impacts of membership of the European Union for Ireland.
1. 2.
12. Green Go is a newly established bike company. It has decided to export to the eurozone. (i) Discuss one reward of trading within the eurozone. (ii) Explain how currency fluctuating can still affect trading within the EU countries.
13. The EU is run by many institutions. One important institution is responsible for setting our interest rates.
(i) Name the institution. (ii) Explain ‘interest rates’.
14. Ireland has one of the fastest growing economic growth in the EU. (i) Identify one challenge of economic growth. (ii) Explain two benefits of economic growth.
(iii) Identify if the following terms refer to economic growth by inserting a tick () in the true or false column.
True
Gross national product Balance of trade Balance of payments Consumer price index
15. What is meant by the term ‘single European currency’?
16. Log and Talk, a large multinational technology company in Ireland, has decided to relocate to Eastern Europe. Its work force in Ireland was only trained for a particular production and will now find it impossible to secure immediate work.
What are the effects of this closure on: (i) Government income
C B A
Circle your answer 1. Do I want to research this unit? 2. Will I avail of it for my CBAs?