What is different about the way economists look at choices and human decision-making?

Consider the economic way of thinking. What is different about the way economists look at choices and human decision-making? How has scarcity impacted your agency/organization/company and what choices were made to overcome it?
Each student should read the assigned readings and post a response of at least 250 words to the discussion question by Thursday at midnight. All main posts require the use of references—you may use the text book and outside resources. In addition, each student is required to respond to at least one colleague no later than Sunday at midnight. Your response to colleagues needs to be at least one paragraph and should give substantive feedback, and not just “I agree with you” or “I think you picked a good topic”.
Please note your initial post is due by midnight Thursday. Your response to colleagues is due by Sunday and the discussion will close at midnight Sunday. You will not be able to post once the week is closed.
Remember to fully cite all references.

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