In 1878, the Samoans Signed a Treaty with the United

question 8

Multiple Choice

In 1878, the Samoans signed a treaty with the United States giving the United States

• A) total control of the Samoan Islands.
• B) 50-percent control of the Samoan Islands.
• C) a naval base at Pago Pago.
• D) a thirty-year lease on Pago Pago.
• E) all of Samoa, including Wake Island.

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Definitions:

Interest

The charge for borrowing money or the return for lending money, expressed as a percentage of the loan amount.

Interest Rate

The percentage charged on a loan or paid on savings over a specific period, reflecting the cost of borrowing or the reward for saving.

Normal Return

The minimum profit necessary to keep a factor of production in its current use, essentially the opportunity cost of using resources.

Investment

The allocation of resources, such as capital or time, into a venture with the expectation of generating future returns.