Comparative Advantage Wheat Cloth Great Britain 140 560 United States 1, 280 480 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. 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 is unit(s) of wheat. c. With mutually beneficial trade, wheat will be exported by (Click to select) ) at a price higher than unit(s) of cloth but lower than[ unit(s) of cloth. d. With mutually beneficial trade, cloth will be exported by (Click to select) ) at a price higher than unit(s) of wheat but lower thanunit(s) of wheat. e. Assume that internationally 1 unit of wheat can be traded for 1.6 units of cloth, which is the same as 1C = 0.62W. Which of the following statements is correct? Only Great Britain will benefit from trade. Both nations will benefit from trade. Neither nation will benefit from trade. Only the United States will benefit from trade