A Problem with Official U

question 79

Multiple Choice

A problem with official U.S.poverty data is that they

• A)omit the rural poor
• B)do not account for inflation
• C)omit in-kind transfers such as food stamps
• D)do not reflect changes in the cost of living
• E)omit dividends and interest

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Definitions:

Ratification

Ratification is the act of officially approving an agreement or contract, making it valid, or the process of confirming and accepting unauthorized actions by an agent on behalf of a principal.

Express Authority

The power given explicitly to an agent or representative by a principal, through verbal instructions or written documentation.

Implied Authority

Indicates the power or permission granted through actions or circumstances, not explicitly outlined in a contract or verbal agreement.

Apparent Authority

The impression given by an agent that they have been given the power to act on behalf of a principal, whether or not they actually have this authority.