Aeronautical Engineers Are a Factor of Production for Airplanes

question 30

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 decrease, quantity exchanged will decrease
• B)price will decrease, quantity exchanged will increase
• C)price will increase, quantity exchanged will increase
• D)there will be no change in price or quantity exchanged
• E)price will increase, quantity exchanged will decrease

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Definitions:

Equity Credit

The provision of credit or financing based on the borrower's ownership stakes in assets rather than on their creditworthiness alone.

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the process of verifying that the actions or signatures of a person are genuine and intended to validate a legal document or agreement.