What Is an Example of the New Economic Divisions in the European

question 16

Multiple Choice

What is an example of the new economic divisions in the European peasantry that began to appear during the fourteenth century?

• A) Peasants living west of the Elbe became freer.
• B) Peasants living in the Balkans became freer.
• C) Peasants living east of the Elbe became freer.
• D) Peasants throughout Europe became poorer.

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Definitions:

Comparative Advantage

The proficiency of either a person, a company, or a country in crafting a good or providing a service, which comes at a lesser opportunity cost than that offered by rival parties.

Domestic Demand

The total demand for goods and services within a country's borders.

World Price

The global market price of a good or service, influenced by worldwide supply and demand.