The Links of Patronage from a King or Prince to His

question 35

Multiple Choice

The links of patronage from a king or prince to his nobles were strengthened in part by:

• A) military aid provided to the king by his nobles.
• B) taxes generated by the nobles and paid to the king.
• C) elaborate court rituals.
• D) chivalric orders.
• E) commercial ties between them.

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Definitions:

Marginal Cost

The cost of producing one additional unit of a good or service, taking into account factors that vary with production levels.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit of output.

Rent-Seeking Behavior

Activities aimed at increasing one's share of existing wealth without creating new wealth, often through manipulating the social or political environment.

Net Social Gain

The total benefit to society from producing and consuming a good or service, taking into account both the private benefits and costs and any external benefits or costs.