1. _____ plays a key role in microeconomics. Optimization Optimizing Optimized Optimize 2. The _____ maximization problem is the heart of consumer theory. opportunity utility demand cost 3. _____ is the limited nature of society’s resources. Opportunity demand Scarcity Cost 4. _____ the quantity of goods and services produced from each unit of labor input. Productivity Demand Cost Scarcity 5. _____ is the property of distributing economic prosperity uniformly among the members of society. Demand Equality Productivity Cost 6. _____ is the property of society getting the most it can from its scarce resources. Scarcity Efficiency Cost Demand

1) Optimisation
2) Utility
3) Scarcity
4) Productivity
5) Equality
6) Efficiency