Which of the Following Is Correct with Regard to Treaties

question 70

Multiple Choice

Which of the following is correct with regard to treaties in the United States legal system?

• A) They have no legal effect.
• B) Under the U.S. Constitution, they must be signed by the President and approved by the U.S. Senate.
• C) They have no effect on business law.
• D) They must be approved by the states before they have the force of law.

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Definitions:

Fiscal Policy Stimulus

Government measures, typically involving increased public spending and tax cuts, aimed at boosting economic activity.

Interest Rates

The cost of borrowing money or the reward for saving, usually expressed as a percentage of the amount borrowed or saved.

Inflationary Recessions

Occurs when the economy faces stagnation or contraction alongside rising inflation rates.

Aggregate Demand

The overall request for every good and service within an economic system at varying prices over a particular timeframe.