A mid-size firm may have a "__________" line of credit, meaning all or part of it can be converted into an intermediate-term loan

Under the Bretton Woods system, when a country adopted an expansionary monetary policy, thereby causing a balance of payments ________, the country would eventually be forced to implement ________ monetary policy

A) deficit; expansionary B) deficit; contractionary C) surplus; expansionary D) surplus; contractionary

Opportunity costs arise from

A) choices. B) taxes. C) mistakes. D) regrets.