14. Absolute and Comparative Advantage You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:

Labor Hours Required to Produce One Unit

United KingdomUnited States

Wheat21

Cloth65

a.What is the opportunity cost of producing a unit of wheat in the United Kingdom? In the United States?

b.Which country has an absolute advantage in producing wheat? In producing cloth?

c.Which country has a comparative advantage in producing wheat? In producing cloth?

d.Which country should specialize in producing wheat? In producing cloth?