Problem
1. Why are individuals willing to supply resources? Do they seek to maximize their income? Do they seek to gain the highest possible rate of return on their ownership of resources? Does the rate of return to resource suppliers influence their investment decisions? Explain.
2. Suppose that the annual real earnings of aero-space engineers increases by 15 percent because of a sharp expansion in the demand for their services. Do you think that the number of aero-space engineers will increase very much after six months? After two years? After five years? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.