Under the Bretton Woods System,when a Country Adopted an Expansionary

question 89

Multiple Choice

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

---

Definitions:

Direct Labor-Hours

A measure of the amount of time workers spend on a particular job or production process, used to assign labor costs to units of output.

Variable Overhead

Generic term for the costs of production that fluctuate with the level of output, including expenses like utilities or raw materials.

Direct Labor-Hours

The number of labor hours spent directly on the production of goods or services.

Direct Materials

Raw materials that can be directly traced to the production of specific goods or services and are a significant portion of production costs.