A city has enough money to repair only one of its many damaged bridges is situation best represents a local government dealing with a problem of scarcity. Hence, option A is correct.
What is the problem of scarcity?
The problem of scarcity is the issue of every individual, group, business, household, and government. The problem of scarcity is the unlimited want but with the limited resources. When the demand exceeds the supply, there is a problem of scarcity in all economic systems, from capitalism to socialism.
When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease. As a result of rising costs that make the resource less accessible to those who are least well-off, this might result in unsustainable growth and an increase in inequality.
Thus, option A is correct.
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