One of the Main Tasks of the League of Nations

question 31

Multiple Choice

One of the main tasks of the League of Nations was the administration of the mandate system, which entailed

• A) supervising elections and political matters in the newly formed states of eastern Europe, as these countries were inexperienced in democracy and self-government.
• B) acting as a sort of international court to settle conflicts between ethnic minorities and the countries in which they lived.
• C) exercising political control over the former colonies and territories of Germany and the Ottoman Empire, which the Europeans claimed were not yet capable of self-governance.
• D) setting up international arms treaties to regulate the manufacture, sale, and deployment of weapons in the hopes of preventing another war like World War I.

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Definitions:

Perfectly Elastic

Describes a situation in economic theory where the quantity demanded or supplied changes infinitely in response to any change in price.

Tax

An enforced economic levy or different levy applied to a taxpayer by a governmental agency intended to provide for government spending and multiple public outlays.

Perfectly Inelastic Supply

Perfectly Inelastic Supply describes a situation in which the quantity supplied of a good does not change regardless of price movements.

Tax Increase

The act of raising the rates of taxes imposed by the government, which can affect consumer spending, investment, and overall economic growth.