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Assume for this CheckPoint that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has...

Assume for this CheckPoint that purchasing a new home is a major decision requiring a substantial financial outlay where the wrong decision has long-term financial consequences.

· Submit a 250- to 300-word response addressing the following points:

o Which of the 10 principles do you think plays a major role in your decision?

o Provide an example for each about decision-making, interaction, and the workings of the economy.

o Explain how that influences the marginal benefits and marginal costs associated with the decision to purchase a house.

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