济学部分回答本中一个问题.pdfVIP

M15/3/ECONO/SP2/ENG/TZ0/XX Economics Standard level Paper 2 Tuesday 5 May 2015 (morning) 1 hour 30 minutes Instructions to candidates  Do not open thi amination paper until instructed to do so.  You are not permitted access to any calculator for this paper.  Section A: answer one question.  Section B: answer one question.  Use fully labelled diagrams and references to the text/data where appropriate.  The um mark for thi amination paper is [40 marks]. 2215 – 5113 9 pages © International Baccalaureate Organization 2015 – 2 – M15/3/ECONO/SP2/ENG/TZ0/XX Section A Answer one question from this section. 1. Study the extract below and answer the questions that follow. Latvia to join the eurozone m ary union  Latvia will e the 18th country to adopt the euro after being approved for membership by the European Commission. The country has met the criteria for eurozone membership, luding low inflation, low long-term interest rates, a stable exchange rate, low public debt and low budget deficits.  Latvia joined the European Union (EU) customs union in 2004. This resulted in a large rease in the availability of credit and strong economic growth in Latvia. However, the 2008 global financial crisis resulted in the collapse of one of its leading banks and massive economic instability. Economic output fell by about 20 % and Latvia had to accept a bailout (loans) from the International M ary Fund (IMF) and the EU.  Latvia kept the lat (the Latvian currency) pegged to t