In a Feudalist Society, in Comparison with Mercantilism

question 3

Multiple Choice

In a feudalist society, in comparison with mercantilism:

• A) merchants play a more important political role than serfs.
• B) tradition plays a more important role than the government.
• C) government plays a large role in determining the what, how, and for whom decisions.
• D) markets make the central economic decisions.

---

Definitions:

Total Lease Cost

The cumulative amount of money paid over the lifetime of a lease agreement, including monthly payments, fees, and other charges.

Relevant Range

The span of activity or volume in which the assumptions about fixed and variable cost behaviors are valid.

Variable Cost

Financial obligations that move together with the scale of manufacturing or sales activity, such as the cost of materials and labor.

Charitable Contribution

indicates a donation made by an individual or an organization to a nonprofit entity as a philanthropic gesture, often eligible for tax deduction.