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Kaevyn04 Kaevyn04
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3 years ago
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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Essential Economics for Business

Essential Economics for Business


Edition: 5th
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KaajalpKaajalp
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3 years ago
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Kaevyn04 Author
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3 years ago
Thank you, thank you, thank you!
kevin12323h
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Yesterday
Thanks
sleinhi
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2 hours ago
Thanks for your help!!
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