The following table shows the hours of labor required to produce 1 unit of each commodity in each country: Wheat / Clothing United States: 3 hr / 9 hr United Kingdom: 4 hr / 4 hr 1. Which country has an absolute advantage in wheat?_ (1)_ 2( a ) Suppose that, in the situation in Question 1, the United Kingdom has 500 hours of labor available to it. Prior to trade, the country is using 300 of those labor hours to produce clothing and the remaining 200 labor hours to produce wheat. How much wheat_ (2)_ and how much clothing_ (3) _ will the United Kingdom be producing in this pretrade situation? (Because there is no trade, your answers will also indicate the amounts of wheat and clothing consumed in the United Kingdom prior to trade.) ( b ) Now suppose that the United Kingdom enters into trade with the United States at the barter price of 1 clothing for 2 wheat (or 1 wheat for 1/2clothing). The United Kingdom now devotes all of its labor hours to clothing production and hence produces (4) units of clothing and 0 units of wheat. Suppose that the country exports 40C (Clothing),and therefore receives (5) wheat (in exchange) and keeps the remaining (6) Clothing for its own consumption. By how much has the United Kingdom, because of trade, been able to increase its consumption of wheat (7) and its consumption of clothing (8) ? 3.( a) Continuing with the numerical example in Question 1, now assume that the United States has 600 hours of labor available to it and that, prior to trade, it is using 330 of those hours for producing wheat and the remaining 270 hours for producing clothing. How much wheat (9) and how much clothing (10) will the United States be producing (and therefore consuming) in this pretrade situation? ( b ) Assume that trade between the United Kingdom and the United States takes place as in Question 2( b ). With trade the United States devotes all of its labor hours to wheat production and obtains (11) units of wheat. Consistent with the United Kingdom’s trade in Question 2( b ), the United States then exports 80W . What will be the United States consumption of wheat (12) and clothing (13) in the trading situation? By how much has the United States, because of trade, been able to increase its consumption of wheat (14) and its consumption of clothing (15) ?