The economic way of thinking includes:

Question

Quizplus · Accepted Answer

The economic way of thinking emphasizes how choices are made at the margin, meaning individuals weigh the additional benefits and costs of a decision before making a choice. A is incorrect because the economic way of thinking also takes the costs involved into consideration. B is incorrect because the assumption of individuals choosing to average out some objective is not a fundamental principle of economics. D is incorrect because scarcity is a fundamental problem in economics and cannot be fully solved by any nation.

The Economic Way of Thinking Includes