Quizlet british investors will expect that the u. s. dollar will appreciate against the pound in the future if there are expectations that a. u. s. tariffs on british imports will decline b. the u. s. demand for british imports will increase c. the u. s. price level will increase relative to the british price level d. u. s. labor productivity will increase relative to british labor productivity

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?