Suppose an Amendment That Would Place Limits on Immigration and Only

question 16

Multiple Choice

Suppose an amendment that would place limits on immigration and only admit applicants based on merit and skill has been successfully proposed by Congress. What must happen next for the amendment to be ratified to the Constitution?

• A) It must be presented to the president to sign into law.
• B) It must be ratified by three-fourths of state legislatures.
• C) It must be approved by one-half of the Senate.
• D) It must be voted upon by the people during the next election.

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Definitions:

Prior Service Cost Amortization

The process of expensing the costs of retroactive benefits granted in a pension plan over a period of time.

Actuarially Determined Discount Rate

This refers to the interest rate used in the actuarial valuation to discount future pension obligations to present value, reflecting the expected rate at which the pension plan's liabilities can be funded or settled.

Pension Liability

The amount of money a company is required to pay into its employees' retirement plans in the future.

Accumulated Benefit Obligation

An estimate of the total amount of an employer's obligation for pension benefits earned by employees to date, not based on future salary increases.