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Extracts from the Leaving Certificate higher-level business paper:

(A) Discuss the impact of the Single European Market (SEM) on Irish business.

(B) Explain the functions of any two of the following European institutions:

(i) The European Parliament

(ii) The Council of Ministers

(iii) The European Commission

(20 marks)

(C)

(i) In the context of the European Union (EU), distinguish between a Directive and a Regulation.

(ii) Choose one example of either and describe its purpose.