Project: Selecting a Credit Card There are many choices of credit cards available. In the previous lesson, you learned about factors that you should consider when comparing credit cards. These factors included APR, grace period, fees, and credit limit. In this project, you will analyze the terms listed in the Truth in Lending Disclosure Statement and decide which credit card you should, theoretically, sign up for.

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?