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In Ventura County, California, strawberry production is limited by the number of acres available for agriculture production. Which economic concept does this statement BEST represent?

a) Opportunity Cost
b) Scarcity
c) Supply and Demand
d) Comparative Advantage

User Diop
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Final answer:

The economic concept that BEST represents the statement about strawberry production being limited by the number of acres available for agriculture production in Ventura County, California is scarcity.

Step-by-step explanation:

The economic concept that BEST represents the statement about strawberry production being limited by the number of acres available for agriculture production in Ventura County, California is scarcity. Scarcity refers to the condition in which there are not enough resources available to produce everything that individuals demand. In this case, the limited number of acres for agriculture production restricts the amount of strawberries that can be grown, highlighting the scarcity of land resources.

User Eren Tantekin
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