In the Absence of Express Words to the Contrary, Which

question 65

Multiple Choice

In the absence of express words to the contrary, which of the following should be presumed when interpreting legislation?

• A)The legislation is intended to override established rules of international law.
• B)The legislation is intended to be extra-territorial.
• C)The legislation is intended to be retrospective.
• D)The legislation is not intended to contradict established common law principles.

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Definitions:

Interest Rate Effect

The impact that changes in interest rates have on consumer spending due to the cost of borrowing; generally, as interest rates rise, consumer spending decreases.

Aggregate Demand

The cumulative need for all economic goods and services, pegged at a singular overall price level during a distinct time period.

Substantial Unemployment

A situation where there is a significantly high rate of unemployment in a particular area, reflecting a large number of people unable to find jobs.

Wages

Compensation paid to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.