If the Irish Pound Declines in Value Against Other Major

question 22

Multiple Choice

If the Irish pound declines in value against other major currencies, which of the following happens?

• A)The Irish trade deficit will increase.
• B)The Irish trade deficit will be unaffected.
• C)The Irish trade deficit will decrease.
• D)Irish products will become more expensive to foreigners.
• E)Foreign goods will become cheaper in Ireland.

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Definitions:

Ombudsman

An independent officer appointed to investigate individuals' complaints against maladministration or violation of rights by public authorities or organizations.

Weingarten Rights

The right of unionized employees to have union representation during investigatory interviews that they believe could result in disciplinary action.

Just Cause

A legal term signifying a legitimate or legally sufficient reason for certain actions, such as termination of employment or disciplinary measures.

Union Contract

A legally binding agreement between a labor union and an employer that outlines the conditions of employment, wages, and other work-related issues.