Japan was able to achieve significant market share in the gl…

Japan was able to achieve significant market share in the global auto industry by enacting economic protections for its new domestic manufacturers such as Toyota and Honda in the 1960s and 1970s. This allowed those manufacturers time to work out the strategies and products they would need for later international success. This is part of what model of economic growth?

A lead purchaser for a national grocery store chain is analy…

A lead purchaser for a national grocery store chain is analyzing how conditions in Canada and Mexico, the primary exporters of tomatoes to the United States, may impact stores. If Mexico suffers a severe drought, the supply of tomatoes would decrease. The price elasticity of demand for fresh tomatoes is 4.6, which means that the demand for fresh tomatoes is _____. If tomato prices rise significantly, the grocery store’s total revenue from tomato sales would likely _____.