Felipe Calderón Was Able to Consolidate His Hold Over Power

question 7

Multiple Choice

Felipe Calderón was able to consolidate his hold over power in Mexico despite his winning the presidency by a narrow margin in 2006 due to

• A) U.S. support for his administration .
• B) Vicente Fox's selection of Calderón as the National Action Party's (PAN) presidential candidate.
• C) Lopez Obrador's refusal to concede defeat, which divided Mexico's political opposition.
• D) the support of the Institutional Revolutionary Party (PRI).
• E) his effective policies fighting Mexican drug cartels.

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Definitions:

Tax Rate

The proportion of income that is taken as tax from a person or business.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net assets, representing future economic benefits.

Deferred Income Tax Liability

A financial accounting term representing taxes that are owed but not yet paid, resulting from temporary differences between the IRS and accounting methods.

Income Tax Rate

The fraction of one's earnings or a company's profits that must be paid in taxes.