What is an appropriate objective function and constraints for this scenario?

Which of the following best describes a self-executing treaty?

A. It is a treaty that requires state parties to enact enabling legislation before it becomes effective domestically. B. It is a treaty containing a term that says that it is directly effective within the signatory states upon ratification. C. It is a treaty adopted according to the constitutional provisions of the ratifying state. D. It is a treaty or international agreement entered into by a state's executive without following the state's constitutionally required ratification procedure.

The independence hypothesis allows for bankruptcy and agency costs

Indicate whether the statement is true or false