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Subjects · Leaving Cert Business

Leaving Cert Business: International trade

How often International trade comes up on the Business papers, every year it was asked, and questions to try.

HL Asked on 10 of the last 10 Higher Level papers, most recently in 2026. banker

OL Asked on 10 of the last 10 Ordinary Level papers, most recently in 2026. banker

June 2027 is the first exam on the new Business course. These come from the 2016–2026 papers, so read them as a guide.

International trade, Higher Level(6 marks)

Quick ones on International trade.

(a)Visible trade is trade in…
  1. Services
  2. Goods
  3. Shares
(b)Invisible trade is trade in…
  1. Raw materials
  2. Goods
  3. Services
(c)The balance of trade equals…
  1. Visible exports − visible imports
  2. Total exports + total imports
  3. Invisible exports − invisible imports
Show the answers

(a) Goods

(b) Services

(c) Visible exports − visible imports

Your turn: Higher Level questions on International trade.

Higher Level

Asked on 10 of the last 10 Higher Level papers, most recently in 2026. banker

Every paper, year by year

YearWhere it came up
2026Section 3 Q3
2025Section 1 Q9
2024Section 3 Q3
2023Section 1 Q3, Section 2 ABQ
2022Section 1 Q2, Section 1 Q10, Section 3 Q3
2021Section 1 Q6, Section 3 Q3
2019Section 1 Q7
2018Section 1 Q5, Section 3 Q3
2017Section 3 Q3
2016Section 1 Q7, Section 3 Q3

Links open the State Examinations Commission’s paper for that year.

More International trade questions

International trade, 2 marks

The State agency that promotes Irish food and drink abroad is…

  1. Tourism Ireland
  2. IDA Ireland
  3. Bord Bia
Show the answer

Bord Bia

Bord Bia promotes Irish food, drink and horticulture in export markets and runs the Origin Green sustainability programme. Tourism Ireland markets Ireland to tourists.

International trade, 2 marks

The agency that markets the island of Ireland to tourists overseas is…

  1. Enterprise Ireland
  2. Tourism Ireland
  3. Bord Bia
Show the answer

Tourism Ireland

Tourism Ireland, set up under the Good Friday Agreement, markets the whole island abroad. Fáilte Ireland develops tourism within the Republic.

International trade, 2 marks

A customs union has free trade between members plus a…

  1. Common external tariff
  2. Single currency
  3. Common army
Show the answer

Common external tariff

A customs union removes tariffs between members and charges one common tariff on imports from outside, e.g. the EU. A free trade area has no common external tariff.

Ordinary Level

Asked on 10 of the last 10 Ordinary Level papers, most recently in 2026. banker

Every paper, year by year

YearWhere it came up
2026Section 1 Q5, Section 2 Q3
2025Section 1 Q14, Section 2 Q3
2024Section 2 Q3
2023Section 2 Q3
2022Section 1 Q11, Section 2 Q3
2021Section 2 Q3
2019Section 2 Q3
2018Section 1 Q15, Section 2 Q3
2017Section 1 Q13, Section 2 Q3
2016Section 2 Q3

Links open the State Examinations Commission’s paper for that year.

More International trade questions

International trade, 2 marks

Buying goods and services in from other countries is…

  1. Exporting
  2. Franchising
  3. Importing
Show the answer

Importing

Ireland imports what it cannot make or grow itself, such as oil, cars and many raw materials.

International trade, 3 marks

Visible exports minus visible imports gives the…

  1. Gross Domestic Product
  2. Balance of trade
  3. Balance of payments
Show the answer

Balance of trade

If exports of goods are greater than imports there is a surplus. If they are less there is a deficit.

International trade, 2 marks

A tax placed by a government on imported goods is a…

  1. Tariff
  2. Subsidy
  3. Dividend
Show the answer

Tariff

A tariff makes imports dearer so home produced goods look better value. It is a form of protectionism.

Other Business topics

All of Leaving Cert Business