Absolute Advantage Items USA UK Wheat (B/H) 6 3 Cloth (Y/H) 1 2 Comparative Advantage (Using opportunity costs) Items USA UK Wheat (B/H) 6 2 Cloth (Y/H) 4 3 - - - Q-1: What is the Basis of Trade? Q-2: What are the Gains from Trade? Q-3: Range for mutually beneficial trade (Along with on Proof)