How Did European Rulers Collect Taxes

question 61

Multiple Choice

How did European rulers collect taxes?

• A)directly from the church
• B)directly by making loans and charging interest
• C)indirectly by employing tax farmers
• D)indirectly by taxing only religious dissidents
• E)directly by selling confiscated lands

---

Definitions:

Predatory Pricing

A strategy where a company sets very low prices to eliminate competition and establish a monopoly in the market.

Tacit Collusion

An unspoken, implicit understanding among competitors to avoid certain competitive behaviors, such as price cutting.

Quantity-fixing Agreements

involve deals or arrangements between competing businesses to restrict output levels, aiming to influence market prices or conditions.

Price-leadership Model

A market strategy where one dominating firm sets the price for its product, and other firms in the industry follow suit, often observed in oligopolistic markets.