Aeronautical Engineers Are a Factor of Production for Airplanes

question 13

Multiple Choice

Aeronautical engineers are a factor of production for airplanes.What will happen in the world market for airplanes when there is a worldwide shortage of aeronautical engineers?

• A)Price will increase; quantity exchanged will decrease.
• B)Price will increase; quantity exchanged will increase.
• C)Price will decrease; quantity exchanged will decrease.
• D)Price will decrease; quantity exchanged will increase.
• E)There will be no change in price or quantity exchanged.

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Definitions:

Fallacy

A deceptive, misleading, or false notion, belief, or argument; often, a statement or argument based on a false or invalid inference.

Appeal to Ignorance

A logical fallacy that suggests a claim is true simply because it has not been proven false or vice versa.

Burden of Proof

The obligation to prove one's assertion.

Positive Claim

An assertion that something exists or is true, especially one without proof.