EDEXCEL IAL Topical Past Paper Unit 4

4.2.4 Trade liberalisation and trading blocs




section A

Section b

WEC14/01/June 2024

The eurozone is an economic and monetary union. Member countries of this union share a single currency, the euro. Romania is hoping to become a member of the eurozone by 2026.

Evaluate the costs to a country of becoming a member of an economic and monetary union. Refer to a country of your choice in your answer. [20 marks]

WEC14/01/Jan 2023

In February 2021 the UK Government applied to join one of the world’s largest free-trade areas, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Evaluate the likely economic benefits to a country of joining a trading bloc. [20 marks]