3. enoitieng Which of the following statements is true? If a country's currency appreciates by more than is warranted by relative PPP, the country's competitive position in the world market will deteriorate. a. b. If a country's currency appreciates by more than is warranted by relative PPP, the country's competitive position in the world market will improve. C. d. If a country's currency depreciates by more than is warranted by relative PPP, the country's competitive position in the world market will improve. Both (a) and (c) are true