Multiple Choice
In the Niagara region,Ontario,strawberry production is limited by the number of hectares available for agriculture production.Which economic concept does this statement BEST represent?
A) Scarcity
B) Marginal analysis
C) Equilibrium
D) Opportunity cost
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: An economic situation is in equilibrium when
Q37: Which statement is NOT a reason that
Q38: An economy is efficient if one person
Q53: Grades are low in your biology class,so
Q59: If the value of beach-front property in
Q126: Handicapped-designated parking spaces are an example of
Q136: A dozen friends got together to celebrate
Q144: A popular train station has free parking
Q172: Because one person's spending is another person's
Q196: Khalil is offered a free ticket to