All of the Following Are Correct Regarding the Development of Fief-Holding

question 17

Multiple Choice

All of the following are correct regarding the development of fief-holding except it

• A)was a response by local leaders who gathered military retainers to protect themselves, as the remnants of the imperial government could not adequately defend the state.
• B)led to the creation of a large number of knights who literally owed their livings to the lord who granted them a fief.
• C)led to a five-hundred-year period when warfare was dominated by heavily armed cavalry.
• D)reflected the high value of land during the centuries during which it was established.
• E)was a result of the Church's attempt to give serfs and peasants more social mobility.

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Definitions:

Tax Rate Reduction

A decrease in the percentage at which income, profits, or transactions are taxed, aimed at stimulating economic growth or achieving fiscal policy goals.

Marginal Tax Rates

The rate at which the next additional unit of income will be taxed, often increasing progressively with higher income levels.

Budget Deficit

The situation where a government's expenditures exceed its revenues, leading to the need for borrowing or spending cuts.

Tax Revenue

The income gained by the government through the imposition of various taxes, a crucial source for funding public expenditures.