________ Are Likely to Disappear Quickly from the Political Agenda

question 9

Multiple Choice

________ are likely to disappear quickly from the political agenda, while ________ often take a long time to resolve.

• A) Conflictual issues; valence issues
• B) Social issues such as abortion; national issues
• C) Consensus issues; conflictual issues
• D) Campaign issues; state and local issues
• E) Fiscal issues such as taxes; defense issues such as military intervention or war

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Definitions:

Personal Tax Rate

The percentage at which an individual's income is taxed by the government, varying by income level and jurisdiction.

Miller Model

A theory on capital structure that extends the Modigliani-Miller theorem by including corporate taxes but excluding bankruptcy costs.

Leverage Gain

The increase in potential returns to an investor achieved by using borrowed funds or financial derivatives.

Cost of Equity

The return a company requires to decide if an investment meets capital return requirements; it represents the compensation the market demands in exchange for owning the asset and bearing the risk of ownership.