suppose that a swiss watchmaker imports watch components from sweden and exports watches to the united states. also suppose the dollar depreciates, and the swedish krona appreciates, relative to the swiss franc. in this case, the swiss watchmaker would be multiple choice hurt twice, since the dollar depreciation made the watch cost more for buyers and the krona appreciation made the parts cost more. helped twice, since the dollar depreciation made the watch cost less for buyers and the krona appreciation made the parts cost less. hurt once, since the dollar depreciation made the watch cost more for buyers but the krona appreciation made the parts cost less. hurt once, since the dollar depreciation made the watch cost less for buyers but the krona appreciation made the parts cost more.
