The Major Problem Seen with Louis XVI's Calling of the Estates

question 15

Multiple Choice

The major problem seen with Louis XVI's calling of the Estates General was that ______________.

• A) it gave equal numbers of representatives to the clergy and nobility as to the Third Estate
• B) all three estates would present one unified vote, one vote per estate
• C) there were insufficient measures of support for the poor presented in the meeting
• D) the king did not have to listen to the Estates General because it was not covered in the constitution
• E) the Third Estate was not well enough informed about the workings of the government to present a united platform

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Definitions:

Debt/Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets, often used to assess financial leverage.

Cost of Debt

The cost of debt is the effective interest rate a company pays on its debts, including loans and bonds, accounting for tax benefits.

Equity Financed

Refers to raising capital for a company through the sale of shares in the company to investors.

Tax Rate

The portion of one's income or a company's earnings attributed to taxes.