According to the "economic way of thinking," every choice has a cost, people make better choices by thinking at the margin, and people act as if they are motivated by self-interest.

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The "economic way of thinking" emphasizes that every choice involves a trade-off (opportunity cost), decisions are made by evaluating additional benefits against additional costs (thinking at the margin), and individuals generally act in their own self-interest to achieve personal goals.

According to the "Economic Way of Thinking," Every Choice Has