Identify the Incorrect Statement Pertaining to Exchange Rate Movements

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.