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Over the past year, the South African Rand has depreciated against the U.S. dollar by 5%....

Over the past year, the South African Rand has depreciated against the U.S. dollar by 5%. Furthermore, the inflation in the U.S. was at 4% over the year while the inflation in South Africa stood at 7% over the year.

A.
The U.S. exporters to South Africa have lost their competitive advantage relative to the local firms by about 3%.

B.
The U.S. exporters to South Africa have gained a competitive advantage relative to the local firms by about 2%.

C.
The U.S. exporters to South Africa have gained a competitive advantage relative to the local firms by about 3%.

D.
The U.S. exporters to South Africa have lost their competitive advantage relative to the local firms by about 2%.

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jeff jeffy answered 1 year ago
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