Table 2.5 shows bushels of wheat and yards of cloth that the United States and the United

Question:

Table 2.5 shows bushels of wheat and yards of cloth that the United States and the United Kingdom can produce with one hour of labor time under four different hypothetical situations. In each case, identify the commodity in which the United States and the United Kingdom have an absolute advantage or disadvantage.
Table 2.5
Production Possibilities in the United States and the United Kingdom