One of the problems currently being experienced by less developed countries (LDCs) is a high rate of population growth - Leaving Cert Economics - Question 6 - 2006
Question 6
One of the problems currently being experienced by less developed countries (LDCs) is a high rate of population growth.
(i) State and explain THREE economic problem... show full transcript
Worked Solution & Example Answer:One of the problems currently being experienced by less developed countries (LDCs) is a high rate of population growth - Leaving Cert Economics - Question 6 - 2006
Step 1
State and explain THREE economic problems (other than population growth) which these countries are experiencing.
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Answer
Famine: A frequent issue that results from disease and high medical costs, leading to widespread poverty and suffering.
Foreign Debts: High debts can cripple a country's economy as repayments reduce the funds available for development.
Uneven Distribution of Wealth: A small minority may control a large portion of the wealth, resulting in significant inequalities and social unrest.
Step 2
Suggest TWO measures, which people in the developed world could take to help reduce the problems being experienced by these countries.
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Buy more of the goods produced in LDCs: By increasing demand for their products, more money will flow into these economies, stimulating growth.
Campaign for debt forgiveness: Advocating for debt relief can help these countries allocate more resources for essential services and development.
Step 3
Explain the underlined term.
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Full Employment: A situation where all individuals willing to work at existing wage rates are able to find employment, leading to a minimal level of unemployment in the economy.
Step 4
State and explain the effects which full employment may have on each of the following: the level of spending in the economy;
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With full employment, many individuals have stable incomes,
resulting in increased overall spending in the economy as people have more disposable income.
Step 5
levels of immigration into Ireland.
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Full employment may lead to an increase in immigration, as more workers may seek opportunities in Ireland, attracted by the availability of jobs.
Step 6
State and explain TWO economic measures which the Government could take to encourage a decrease in alcohol consumption.
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Answer
Increase taxes on alcohol: Higher prices can deter consumers, leading to reduced demand and consumption.
Awareness/Education campaigns: By informing the public about the risks associated with alcohol consumption, the government can encourage lower intake levels.
Step 7
If alcohol consumption decreased, state and explain the economic effects which this development may have on each of the following: firms in the Irish drinks sector;
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Firms may face decreased revenues, leading to potential closures or workforce reductions due to lower demand for alcoholic products.
Step 8
levels of absenteeism by workers;
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Lower alcohol consumption may result in decreased absenteeism, as workers are likely to experience fewer hangovers and health-related issues.
Step 9
hospital accident and emergency admissions.
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Reduced alcohol consumption could lead to fewer cases requiring emergency treatment, thereby lowering the pressure on hospitals and enabling them to allocate resources more effectively.
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