If country abc can produce a unit of good 1 by sacrificing fewer units of good 2 than can country xyz, it is correct to say that country abc a. has an absolute advantage in producing good 1. b. will not wish to trade good 1 with country xyz. c. will import good 1. d. has a comparative advantage in producing good 1.

has a comparative advantage in producing good 1

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. Country abc has a comparative advantage because it sacrifices fewer quantities of good 2.

Country abc should specialise in production of good 1, while country xyz should import from country abc.

A country has an absolute advantage in the production of a good or service If it produces more quantity of the good compared with other countries.

I hope my answer helps you

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

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