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Leaving Cert Economics: The EU & global institutions

How often The EU & global institutions comes up on the Economics papers, every year it was asked, and questions to try.

HL Asked on 4 of the last 5 Higher Level papers, most recently in 2025. most years

OL Asked on 2 of the last 5 Ordinary Level papers, most recently in 2025.

The EU & global institutions, Higher Level(7 marks)

Quick ones on The EU & global institutions.

(a)Which international body sets and enforces the rules of world trade?
  1. OECD (policy advice body)
  2. World Trade Organization (WTO)
  3. UNDP (development agency)
(b)The OECD global minimum tax deal mainly aimed to reduce…
  1. Interest rates in the euro area
  2. Tariffs on farm goods traded between countries
  3. Profit-shifting by MNCs to low-tax countries
(c)Which is a benefit to Ireland of EU membership?
  1. Access to the EU single market
  2. Freedom to put tariffs on EU imports
  3. Freedom to set its own interest rates
Show the answers

(a) World Trade Organization (WTO)

(b) Profit-shifting by MNCs to low-tax countries

(c) Access to the EU single market

Your turn: Higher Level questions on The EU & global institutions.

Higher Level

Asked on 4 of the last 5 Higher Level papers, most recently in 2025. most years

Every paper, year by year

YearWhere it came up
2025Q3, Q13
2024Q15
2023Not asked
2022Q15
2021Q12

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

More The EU & global institutions questions

The EU & global institutions, 2 marks

A free trade agreement between the EU and another country aims to…

  1. Create a single currency shared by both economies
  2. Set common income tax rates for both sides
  3. Cut tariffs and other barriers between them
Show the answer

Cut tariffs and other barriers between them

Trade deals open markets for exporters and lower prices for consumers. The EU negotiates trade agreements on behalf of all its member states.

The EU & global institutions, 3 marks

A customs union goes further than a free trade area because its members…

  1. Have identical income tax rates for all workers
  2. Apply a common external tariff to outsiders
  3. Share a single currency and one central bank
Show the answer

Apply a common external tariff to outsiders

In a free trade area, each member sets its own tariffs on outsiders. The EU customs union adds one common tariff, so goods move freely once inside.

Ordinary Level

Asked on 2 of the last 5 Ordinary Level papers, most recently in 2025.

Every paper, year by year

YearWhere it came up
2025Q14
2024Not asked
2023Not asked
2022Not asked
2021Q16

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

More The EU & global institutions questions

The EU & global institutions, 2 marks

Which is a benefit of Ireland's EU membership?

  1. Having its own national currency
  2. Tariffs on all imports from the EU
  3. Access to the single market
Show the answer

Access to the single market

The single market allows free movement of goods, services, people and capital among member states, giving Irish firms tariff-free access to a huge market.

The EU & global institutions, 2 marks

Which organisation sets the rules for trade between countries worldwide?

  1. The European Central Bank (ECB)
  2. The World Trade Organization (WTO)
  3. The OECD in Paris
Show the answer

The World Trade Organization (WTO)

The WTO agrees trade rules, works to lower trade barriers and settles trade disputes between its member countries.

The EU & global institutions, 3 marks

Brexit has mainly affected Irish firms by?

  1. Adding checks and paperwork on trade with Britain
  2. Removing the euro as Ireland's currency
  3. Ending all trade between Ireland and Britain
Show the answer

Adding checks and paperwork on trade with Britain

Britain left the EU single market and customs union, so goods moving between Ireland and Great Britain now face customs checks, adding costs and delays.

Other Economics topics

All of Leaving Cert Economics