The Device of Composición Was Often Employed to

question 4

Multiple Choice

The device of composición was often employed to

• A) protect small farmers from the advance of the hacienda.
• B) legalize the usurpation of indigenous lands.
• C) endow the church with land.
• D) establish an entail to preserve land undivided in the hands of a landowner's descendants.

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Definitions:

Pooling Equilibrium

A situation in a market where all agents, regardless of their type or quality, provide the same signal, making it impossible to distinguish between them based on that signal alone.

Microeconomics

The branch of economics that studies individual agents and markets, decision-making processes, and the outcomes of interactions.

Wage Cut

A reduction in the rate of pay received by workers.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.