The concept of _____ was demonstrated by _____ along with the quotation, “The defeat of a bit finger would remain the average European from sleeping which night,... but, given he never saw them, he will snore along with the most profound security over the loss of millions of his brethren.” (i) opportunity cost | John Maurice Clark. (ii) self interest | Adam Smith. (iii) scarcity | Thorstein B. Veblen. (iv) equal rights | Martin Luther King. (v) utility maximization | Jeremy Bentham.
Can anybody suggest me the proper explanation for given problem regarding Economics generally?