The $500 minimum balance you are required to keep in your NOW checking account represents an opportunity cost

The table below is taken from the Big Mac Index. After reviewing it, answer the questions listed below

Country Big Mac Prices in U.S. dollars or local currency Official Exchange Rate (-)/(+) Under/Over Valuation against $, % United States $3.73 China Yuan 14.5 6.65/$1 Norway Kroner 45 6.25/$1 Thailand Baht 70 32.3/$1 Mexico Peso 32 12.8/$1 What is meant by PPP? According to this table, which is the most overvalued and undervalued currency? Fill the last column showing under or over valuation of local currencies. Give reasons for your answer. What is the primary drawback of this index? How can this be used?

Which of the following motives illustrates Freeland's efforts to protect local jobs?

A) political motive B) economic motive C) cultural motive D) social motive