If the social marginal cost of a good is very high relative to the private marginal cost, then a monopoly will most likely

________ is called an implicit cost, while ________ is called an explicit cost

A) A nonmonetary opportunity cost; a cost that involves spending money B) An accounting cost; an economic cost C) A production cost; a sales cost D) An actual cost; a hypothetical cost

A real depreciation of a nation's currency gives rise to the ________ effect and the ________ effect on the current account

A) volume; value B) depletion; expansion C) surplus; deficit D) output; trade E) price; profit