5. Nikki has the following career plan in mind: Her long-term goal is to become a doctor. Since she is in 11th grade now, she will begin to research which colleges to apply to so she can spend the next
four years studying science. Then, she will research which medical schools she wants to go to,
weighing location and cost. After acceptance into medical school, she will study the four years
required to obtain a medical degree. She will then apply to a residency program to train further for the
next five years.
Make a corresponding financial plan for Nikki to complete with one long-term goal and several short-
term goals (10 points).

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.