1. The table below illustrates the production of Rice and Cloth for Philippines and Thailand (209%) Units of Output Per Day Rice (in tons) Cloth (in yards) Philippines 10 Thailand 6 A. What is Philippines' opportunity cost of producing rice? B. What is Thailand's opportunity cost of producing cloth? C. Which country will specialize in the production of rice? D. Which country will specialize in the production of cloth? 2. The Table shows the CPI and nominal prices for diesel and fish from 2018-2021 (25%) 2018 2019 2020 2021 CPI 120.1 121.3 122.7 123.4 Nominal Prices Diesel/liter 32.00 35.00 38.50 42.00 fish/kilo 100.00 120.00 150.00 180.00 Answer the following questions. Show your solutions for nos. 1, and 2. I. Using 2018 prices (as the base year), compute for the Real Prices of Diesel and fish for 2019, 2020, and 2021. Show your solutions (15%). 2. Compute for the percentage change in Real Prices for Diesel between 2018, and 2020-(10%)