📚 Learning Guide
Understanding Scarcity
hard

Scarcity in economics is to resource allocation as a traffic jam is to: ?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

route management

B

vehicle design

C

speed limits

D

driver behavior

Understanding the Answer

Let's break down why this is correct

Answer

Scarcity in economics means that there are limited resources to meet unlimited wants and needs, which makes it necessary to allocate those resources in a way that best serves people. Similarly, a traffic jam occurs when there are more cars on the road than the road can handle, leading to a situation where vehicles cannot move freely. In both cases, the limited availability—whether it’s resources or road space—forces people to make choices about how to use what they have. For example, if a city has only one lane open during rush hour, drivers must decide whether to wait in line or take a longer route. Just like how resource allocation helps manage scarcity, finding alternative routes helps manage traffic jams.

Detailed Explanation

When there is a traffic jam, we need to manage the routes to help cars move. Other options are incorrect because Some might think that changing how cars are made will fix traffic; Speed limits control how fast cars can go, but they don't solve traffic jams.

Key Concepts

Scarcity
Resource Allocation
Economic Decision-Making
Topic

Understanding Scarcity

Difficulty

hard level question

Cognitive Level

understand

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