Question

You see a large group of stranded passengers standing next to a disabled bus, and you have only three seats in your car. You have to decide which three passengers to rescue because of:a) efficiency
b) equity
c) scarcity
d) macroeconomics

Answer 1

Answer:

c) scarcity

Explanation:

The resources needed to satiisfy needs and wants are limited in supply or scarce.

In this question, the resources (3 seats in my car) needed to satisfy the needs of the passengers (the need to get to their destination) is scarce. Therefore I have to make a choice.

I hope my answer helps you