Question

If you see a large group of stranded passengers standing next to a disabled bus, and you have only three seats in your car, deciding who to rescue deals with the issue of:a) efficiencyb) equityc) scarcityd) macroeconomics

Answer 1

Answer:

c) scarcity

Explanation:

Scarcity is a state in which resources are relatively less then the requirement, and thus an individual aims to best utilize those limited resources.

In the given instance,

There is a large group of stranded passengers, who are standing next to a disabled bus, seats available are only three.

Since there is limited number of seats with relatively high demand the problem here is of about an issue relating to

c) scarcity