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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.
Textbook 
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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