Assume that Outland specialises in producing skateboards and Inland specialises in producing surfboards. After trade, Outland exports 500 skateboards and imports 100 surfboards. The exchange ratio:
A) is 1/5:1 skateboards to surfboards
B) is 5:1 skateboards to surfboards
C) is 1:5 skateboards to surfboards
D) cannot be determined from this information
Correct Answer:
Verified
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