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1 September, 10:53

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

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  1. 1 September, 11:58
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    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
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