Basically, nations trade: Question 7 options: in order to stockpile goods in case of national disaster or emergency. because most nations tend to have yearly surpluses of goods. because no nation's economy can produce all of the goods and services that it needs. in order to maintain peaceful relationships with neighboring countries.

Which of the following has the largest impact on opportunity cost

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.

Considered to be a "super tool" or tool that has high use and high potential for improving project success?