Which of the following statement describes an UNLIKELY event if there is a persistent surge of the U.S. dollar against other major currencies?

a. Foreign borrowers debt service burden will be decreased if they had borrowed long-term dollar-denominated debt in the years before the surge.

b. U.S. exporters will lose price competitiveness in foreign markets if they adopt complete exchange rate pass-through.

c. The dollar surge will increase the dollars purchasing power abroad.

d. U.S. exporters will lose earnings in dollars if they adopt pricing to markets.