The financial crises of the 1990s pointed out that small developing countries have a vulnerability to globalization in terms of _____

The costs of inflation are a. shoeleather costs and menu costs

b. arbitrary redistributions of wealth. c. increased variability of relative prices. d. All of the above.

Suppose that a perfect-maximizing monopolist operates with a horizontal marginal cost curve and no fixed costs. Which of the following would NOT be represented as part of the area between its demand curve and marginal cost curve?

A) total costs B) economic profits C) consumer surplus D) deadweight loss