Beginning in the 1970s, Which Two Countries Developed Bureaucratic Innovations

question 30

Multiple Choice

Beginning in the 1970s, which two countries developed bureaucratic innovations that enhanced productivity, morale, and profits?

• A) Germany and France
• B) Canada and the United States
• C) Australia and Denmark
• D) Japan and Sweden

Recognize the role of the equilibrium interest rate in balancing the supply and demand of loanable funds.

Identify different types of interest rates and their approximations in economic models.

Analyze the impact of borrower and lender characteristics on interest rates.

Understand the distinction between economic resources and the role of money as it relates to interest.

---

Definitions:

Vouchers

Documents serving as evidence for transactions, such as payments or receipts, and authorize the related accounting entries.

Currency

Currency is a system of money in general use in a particular country, facilitating the buying and selling of goods and services.

Cash Shortage

A Cash Shortage occurs when the actual cash on hand is less than the expected amount, often due to errors or theft.

Petty Cash Account

A small amount of cash kept on hand for making minor business expenses, managed through a system of vouchers for tracking.