Argentina was allowed to break from the CET and raise duties on consumer goods.This crisis had a silver lining,which is evident from all of the following points except:
A)Argentina's wine exports to the United States were worth four times more when dollar revenues were converted into pesos.
B)Argentina became known for the world's most expensive wines.
C)the currency devaluation made Argentine vineyard property cheaper for foreign buyers.
D)low prices for land,inexpensive labor,and ideal growing conditions for the Malbec grape have combined to make Argentina's wine industry a major player in world markets.
E)Argentina can make better wine locally for less money than anywhere in the world.

Question

Quizplus · Accepted Answer

Option B is incorrect because being known for the world's most expensive wines does not directly relate to the benefits of a currency devaluation or the factors that would lead to a silver lining in an economic crisis. The other options (A, C, D, E) all describe direct benefits or positive outcomes from the situation, such as increased competitiveness in exports, attractiveness to foreign investors, and cost advantages in wine production.

Argentina Was Allowed to Break from the CET and Raise