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The Republic of Ireland (what most of us refer to as simply Ireland), is an independent country but borders on Northern Ireland; the two countries make up the entire Island on which they exist. If you were the head of Great Britain’s Central Bank, and/or the Prime Minister, what actions would you take to minimize the impact on the economy? If you were the head of the Republic of Ireland’s Central Bank and/or the Prime Minister (called Taoiseach) what actions would you take to manage the impact on your economy in view of the expected actions of Great Britain’s leaders?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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