Which of the Following Describes the Early Land Use System

question 287

Multiple Choice

Which of the following describes the early land use system in north China that the textbook described as feudal?

• A) Land was owned communally by villages and each year was apportioned according to one's social standing.
• B) Individual farmers owned and managed small-sized plots in return for protection by the kingdom against a militarized aristocracy.
• C) A militarized landholding class controlled large estates on which most of the population worked.
• D) Land was owned by individual kingdoms and distributed according to one's productivity levels at the year's end.

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Definitions:

Effective Price Ceiling

An effective price ceiling is a government-imposed limit on the price that can be charged for a product or service, set below the market equilibrium, leading to shortages.

Equilibrium Price

The price point at which the market's supplied and demanded goods quantities meet.

Surpluses

Occurs when the quantity of a good or service supplied exceeds the quantity demanded at a specific price; the opposite of shortages.

Shortages

A situation in which the demand for a product or service exceeds the supply available at a particular price.