SSC Wk 8 The Characteristics of High Quality Managerial Economics Discussion

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Yc83

Economics

Seminole State College

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Discussion #1

1717 unread replies.1717 replies.

Read - The Characteristics of High Quality Discussion Posts (in the announcements section) before participating in discussion #1.

In these tough economic times, many people have no choice but to turn to their credits cards to pay some bills. Most economists argue that this is not a financially prudent course of action.

Credit cards companies have long been accused of being less than reputable in their business practices.

The question for consideration this week; are credit card companies exploiting American consumers, especially in these worst of economic times.

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APA webpage

https://owl.english.purdue.edu/owl/resource/560/01/ (Links to an external site.)

APA vidcast series—There are 6 videos that include how to set up the page, citing, and the References

https://www.youtube.com/playlist?list=PL8F43A67F38DE3D5D&feature=edit_ok

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Explanation & Answer

Attached.

1

Managerial Economics Week 8 DQ – Randall

Name
Institution
Course
Instructor’s Name
Date

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Managerial Economics Week 8 DQ – Randall
With harsh economic times, many Americans, especially the less affluent, have resort to
rely on Credit cards for survival. Americans have, for the longest time, transform from a country
that depends on savings to a nation that relies on borrowing. According to Carruthers & Ariovich
(2010), American personal savings have declined from 10% in the 1980s to 1% in the late 2000s.
Majorly, the situation has ...


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