Which Statement Is True

question 94

Multiple Choice

Which statement is true?

• A)The public debt is greater than our GDP.
• B)The public debt has doubled over the past four years.
• C)Over 50 percent of the outstanding public debt is owed by foreigners.
• D)None of the statements are true.

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Definitions:

Agency by Ratification

An arrangement where a principal formally approves an act performed by someone who did not have the authority to act as their agent at the time of the act.

Ratification Requirements

Key provisions that must be met for an agreement or treaty to be officially approved and adopted by the involved parties.

Ratification to Be Effective

The process through which formal validation or approval is given, making an agreement officially valid.

Cognitive Dissonance

The psychological distress felt by someone when they simultaneously hold multiple conflicting beliefs, ideas, or values.