The above (incomplete) table provides information about the relationships between output and various cost measures. The total fixed cost (TFC) for the firm is

The decision by a nation to join a currency union is based on:

A) the size of the nation's GDP. B) the diversification of its industry and population. C) the cost of designing, printing, and managing a national currency. D) the costs of abandoning a national currency versus the benefits of a common currency.

One cost of unanticipated inflation is:

A. both lenders and borrowers lose. B. arbitrary redistributions of income. C. nominal income falls below real income. D. people cannot repay their debts.