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:

Invest

The act of allocating resources, usually money, in order to generate an income or profit.

Additional Staff

The employment of extra personnel beyond the current number to meet increased demands or to fulfill specific roles within an organization.

Total Collection Time

The total period it takes for a business to convert its accounts receivable into cash.

Cash Management

The process of collecting, managing, and investing a company's cash flows in a way that meets its operational and financial objectives.