Explain which principles of economics directly relate to

Reference no: EM13394058

Write a 1,750 to 2,450 word paper in which you decide whether to purchase a house.

1. Discuss which principles of economics directly relate to your purchasing decision.

2. Compare the marginal benefits and the marginal costs associated with your purchasing decision.

3. Explain how the strength of the economy as a whole affected the marginal benefits and the marginal costs associated with that decision.

4. Consider the roles of the domestic economy and international trade in your assessment of the strength of the economy.

5.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.

Reference no: EM13394058

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