IB Economics HL 4.4.9 Monetary union evaluation Question Bank
Practise IB Economics HL 4.4.9 by applying monetary union evaluation concepts to exam-style questions.
- Syllabus
- First assessment 2022
- Course
- Economics HL
- Level
- HL
Exam points
- identify the relevant model, concept or evidence
- apply the correct subject framework to the question
- evaluate the result using clear evidence and subject terminology
4.4.9 (HL)—Monetary union evaluation question 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 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
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