Which of the following is a consequence of changes in exchange rates t

QUESTION

Which of the following is a consequence of changes in exchange rates that result in appreciation of the local currency?

A. More foreign direct investment into the country

B. Decrease in the dollar cost of products exported from the country

C. Diminishing of a country’s attractiveness as a manufacturing base

D. Transformation of the country into a low-cost location

E. Decrease in the amount of imports brought into the country

ANSWER

C