Which of the following is an example of the shoeleather costs of inflation?
a. tito's restaurant has to print new menus to update its prices compared to other prices in the economy
b. during bolivia's hyperinflation, workers rushed to immediately convert their wages from pesos to black-market dollars
c. beto sells stocks and earns a real capital gain of $50, but is taxed for the nominal capital gain of $75
d. the after-tax real interest rate is lower when inflation is higher

In 1914, alabama produced 1.7 million bales of cotton, but three years later produced only 515,000, bales. meanwhile, in georgia, 5.2 million acres of land was dedicated for cotton production in 1914, but by 1923 there were just 2.6 million acres used for growing cotton. all of this was the result of the work of a tiny insect: the boll weevil. alabama and georgia first felt the effects of the boll weevil at different times. what would account for this difference in timing? a) the infestation moved from west to east. b) the infestation moved from east to west. c) georgia had better ways to deal with the problem. d) alabama was further from the insect's point of origin.