Laura has started saving so she can be ready for any emergency situation that might involve a huge expense. the most important requirement for an emergency fund is because laura will need

blank 1
high interest rate
liquidity
professional management

blank 2
a financial expert to manage the fund
quick access her savings
her savings to earn a high rate of return

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.