Which of the Following Allowed for a More Diversified and Intelligent

question 60

Multiple Choice

Which of the following allowed for a more diversified and intelligent use of farmland?

• A) The two-field system.
• B) The iron-tipped plow.
• C) Serfdom.
• D) Riparian water rights.
• E) The three-field system.

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Definitions:

Labour

The human effort, both physical and mental, used in the production process.

Competitive Bidding

A purchasing process in which suppliers submit bids to win the rights to fulfill a contract.

Bid Price

The price a buyer is willing to pay for a good, service, or financial instrument.

Incremental Costs

Costs that change with the level of output or activity, directly associated with a specific business decision.