Economics
Economics
Write a 1,750- to 2,450-word word paper in which you decide whether to purchase a house.
• Discuss which principles of economics directly relate to your purchasing decision.
• Compare the marginal benefits and the marginal costs associated with your purchasing decision.
• Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.
• Consider the roles of the domestic economy and international trade in your assessment of the strength of the economy.
• Determine what situations or conditions could have led you to make a different decision.
Assume for this project that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.
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