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Assume that Great Britain and the United States can both produce wheat (W) and cloth (C). The amount of wheat and cloth that each nation

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Assume that Great Britain and the United States can both produce wheat (W) and cloth (C). The amount of wheat and cloth that each nation can produce in one day is presented in the table below. Comparative Advantage Wheat Cloth Great Britain 40 80 United States 140 100 Instructions: Round your answers to two decimal places. a. Use the information above to compute the opportunity cost of producing 1 unit of wheat in each country. For Great Britain, the opportunity cost of producing 1 unit of wheat is unit(s) of cloth. For the United States, the opportunity cost of producing 1 unit of wheat is unit(s) of cloth. b. Which country has the comparative advantage in producing wheat? (Click to select) c. Use the information above to compute the opportunity cost of producing 1 unit of cloth in each country. For Great Britain, the opportunity cost of producing 1 unit of cloth is unit(s) of wheat. For the United States, the opportunity cost of producing 1 unit of cloth isunit(s) of wheat. d. Which country has the comparative advantage in producing cloth? (Click to select)

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