Irish people attending the Euro 2016 (European soccer championships) in France is an example of an invisible import for Ireland - Leaving Cert Economics - Question 6 - 2016

1. More Choice for Consumers and Higher Standard of Living: Imports of goods from various countries enhance the variety available in local markets, allowing consumers access to a wider range of products. This, in turn, contributes to a higher standard of living as citizens can choose from diverse options, including fresh fruits and foreign electronics.

2. Employment in the Distribution Sector: The necessity of imports creates jobs in the distribution sector. This sector involves importing, processing, and distributing goods, which aids the economy by providing employment opportunities.

1. Increased Employment: The anticipated influx of over 8 million tourists is likely to create additional jobs in the hospitality and catering sectors, benefiting the overall economy by reducing unemployment.

2. Increased Income: Higher tourist numbers can lead to increased spending in the country, resulting in greater income for local businesses and generating more tax revenue for public services.

1. Offer Competitive Air Fares/Extend the Number of Routes: By providing competitive pricing on flights and expanding route options, firms can make travel to Ireland more accessible, encouraging more tourists to visit.

2. Advertising and Promotion: Increased investment in international advertising to showcase Irish destinations and attractions can help to attract more tourists, enhancing Ireland’s appeal as a travel destination.

One major reason is the Value for Money that Ireland offers. Competitive pricing on accommodation and experiences attracts tourists, as they perceive they can enjoy a rich experience without excessive expenditure.

MNC stands for Multinational Company. This refers to a corporation that operates in multiple countries across the globe.

One example of another MNC in Ireland is Google.

Apple may have located in Ireland due to its Access to a Skilled Workforce, which is essential for technology companies that require highly trained employees.

1. Infrastructure Development: The presence of an MNC can lead to improvements in local infrastructure, such as better roads and public transport systems, benefitting everyone in the community.

2. Increased Economic Activity: An MNC can stimulate local economic activity by contributing to local businesses through increased demand for products and services, thereby creating a thriving business environment.