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.

·  Use three to five references in your paper (minimum but more can be used).

·  Format your paper according to APA guidelines.