Kizspy | Question: 33
(Choose 1 answer)
FUBVERT LOW LOW!
Identify the incorrect statement pertaining to exchange rate movements.
A. Adverse changes in exchange rates can quickly alter a country's attractiveness as a manufacturing base.
B. Currency appreciation can transform a low-cost location into a high-cost location.
C. Currency appreciation can cause firms to move their manufacturing offshore to lower-cost locations.
D. A low-cost location can be transformed into a high-cost location because of currency depreciation.
