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Author Question: Assume that Outland specialises in producing skateboards and Inland specialises in producing ... (Read 164 times)

melina_rosy

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on: May 25, 2020

Question 1

The ratio at which a country can trade domestic products for imported products is the
◦ terms of trade.
◦ balance of payments.
◦ exchange ratio.
◦ exchange rate.

Question 2

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.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by melina_rosy on May 25, 2020

potomatos

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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melina_rosy

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

Kedrick2014

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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