Economic and Social Crises That Arose in Response to the Black

question 44

Multiple Choice

Economic and social crises that arose in response to the Black Death in Europe included all of the following EXCEPT​

• A)​Mortality rates meant less workers survived, and they could command better wages.
• B)​Trade declined with less manufacturing taking place.
• C)​Peasants converted their serfdom by exchanging services for rent.
• D)​Peasant rebellions took place in Europe over exclusion from artisanal guilds.
• E)​Social unrest became a characteristic of European history.

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Definitions:

Contracting Services

The process of engaging an external company to provide services that could be performed by in-house staff.

Signaling View

An economic theory that suggests that education serves as a signal to employers about a potential employee's abilities.

Surplus Of Labor

An excess supply of labor in the job market, where the number of workers seeking employment exceeds the number of job vacancies.

Surplus Of Workers

A situation in the labor market where the number of individuals looking for employment exceeds the number of available jobs, often leading to higher unemployment rates.