In the Kellogg-Briand Pact

question 107

Multiple Choice

In the Kellogg-Briand Pact,

• A)the U.S. finally agreed to join the League of Nations.
• B)signatories agreed to unite against German aggression in Europe.
• C)the United States agreed to remove its troops from Haiti.
• D)American bankers canceled the German war debt.
• E)fifteen nations outlawed war and vowed to settle disputes peacefully

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over others.

Transaction Costs

Expenses incurred when buying or selling goods or services, including fees, taxes, and other charges that make up the total cost of a transaction besides the price of the good or service itself.

Risk Reduction

Strategies or actions taken to decrease or mitigate the impact of uncertainties on business objectives or investment outcomes.

Balance Sheet

A financial statement at a given point in time that shows assets on one side and liabilities and net worth on the other side; because assets must equal liabilities plus net worth, the two sides of the statement must be in balance.