CourseCourseConceptConceptDocsDocuments

IB Economics HL 4.4.9 Hl Monetary Union Evaluation Questions

Practise 4.4.9 (HL) Monetary union evaluation in IB Economics HL by reviewing the concepts and applying them to marked questions.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Evaluate advantages and disadvantages of monetary union

Learn this topic

Study 4.4.9 (HL)—Monetary union evaluation conceptsOpen the corresponding Concept lesson for explanations, examples and exam connections.

IB Economics HL 4.4.9 Hl Monetary Union Evaluation Questions question 1

[Maximum number: 1]

The Czech Republic is a member of the European Union (a common market) but not of the Eurozone (a monetary union).

Outline one disadvantage of joining a monetary union.

The data in Table 3 show the prices of the items included in the basket of goods that the typical consumer in the Czech Republic buys in Czech Koruna (CZK), the currency of the Czech Republic. The quantities purchased are used as weights.

Table 3

Table 3

Table 4 shows the cost of the basket of goods that the typical consumer in the Czech Republic buys in 2018 and in 2020 in CZK as well as the consumer price index (CPI) for 2019.

Table 4

Table 4

All question bank results loaded