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Question
Assume that Outland specialises in producing skateboards and Inland specialises in producing surfboards. After trade, Outland exports 500 skateboards and imports 100 surfboards. The rate of exchange
▸ is 1:5 skateboards to surfboards. ▸ is 1/5:1 skateboards to surfboards. ▸ is 5:1 skateboards to surfboards. ▸ cannot be determined from this information.
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