Amendments to the Truth-in-Lending Act"s credit card rules state that a company may not retroactively the interest rates on existing card balances unless the account is sixty days delinquent; must provide forty-five days" notice to consumers before changing its credit-card terms; must send monthly bills to cardholders twenty-one days before the date; may not increase the interest rate charged on a customer"s credit-card balance except in situations, such as when a promotional rate ends; may not over-limit fees except in specified situations; must apply payments in of any minimum amount due to the rate when the consumer has balances at different interest rates; and must not finance charges based on the previous billing cycle.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the correct answer is b.)

answer; synthetic production system;