The economy of Rohan produces three goods: swords, grain and horses. The accompanying table shows the prices and output of the three goods for the years 2017, 2018, and 2019.

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What are real prices?   A real price is a price that has been adjusted for inflation.   A real price is a price that has all factors (such as taxes) included.   A real price is the price of a good/service plus the opportunity cost of consuming the good/service.   A real price is the price of producing a good/service.

The price of a Big Mac in the United States in 2015 was $4.79. Using the Big Mac burger as a representative commodity common to the countries, calculate the PPP-adjustment factor for each country, and then the PPP level of per capita GDP in each country. 1. The following table lists 2015 GDP per capita for four countries. The data are given in the national currencies of the countries. It also lists the price of a Big Mac burger in the local currency of each country in 2015.

If a country can produce more of a good than other countries with a given amount of resources, we say that country has the| [ Select ] and if a country has less to lose in producing a good than other countries do, we say that country has [ Select ]

What is the trade balance between the U.S. and China from 2018 to 2020?Graph the year and trade balance (exports – imports) using year for horizontal axis and trade balance for vertical axis.   What is the difference between absolute advantage and comparative advantage? Which among these 2 concepts is the basis of trade? Suppose that an American worker can produce 1000 shirts or 200 computers, while a Chinese worker can produce 1000 shirts or 100 computers.In the US, what is the opportunity cost of producing an additional shirt (measured in terms of foregone computers)?

News Analysis: Dutch Disease. 2) Identifying symptoms of Dutch Disease

Consider the following table, which provides the price of beef and the price of all foods from 2014 to 2022. Price of Price of Relative Year All Food Beef Price 2014 96 98 102.08 2015 97 99 102.06 2016 100 100 2017 103 103 2018 104 105 2019 108 106 2020 111 114 2021 113 116 2022 116 114 The relative price of beef is calculated as: (Price of Beef/Price of all foods) x 100. In 2020, the relative price of beef was close to O 114.16 O 111.10 O 102.70 O 98.27

Argentina has 100 million tons of soybeans and 80 million tons of wheat, Bolivia has 120 million tons of soybeans and 100 million tons of wheat, which of the following does Bolivia have the absolute advantage in production? 1. neither product, 2. soybeans, 3. wheat, 4. wheat and soybeans.

Can you solve the option B and C please? and explain briefly please