When we are forced to make choices, we are facing the concept of option B.) “scarcity.”
The reason we face scarcity is because, like economics, the demand for an output of an idea is greater than the momentous supply. This means we are forced to make a decision that we are unsure on. An example of scarcity would be if one were to offer a kindergartener $100 to answer the multiplication problem 1,736 • 983 in a span of ten seconds without any help. The kindergartner, as we already know, wouldn’t know how to properly perform the equation and in return would be likely to guess.