Asset prices in an economy are likely to fall if ________

If the exchange rate changes from 1.00 euro per dollar to 1.10 euro per dollar, the dollar has

A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.

One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is

A) competition among baseball club owners forces player salaries to be much higher than the players' marginal revenue products. B) the marginal revenue product of baseball players is greater than the marginal revenue product of college professors. C) the careers of most baseball players are much shorter than the careers of most college professors. D) college professors accept lower salaries in exchange for better working conditions.