Suppose You Are a Vassal Working for a Landowner in the Middle

question 37

Multiple Choice

Suppose you are a vassal working for a landowner in the Middle Ages.How would you be compensated for your work?

• A)You would be given the use of land equipped with laborers if you served your lord.
• B)You would be given ownership of your land after serving with the same lord for five years.
• C)You would be compensated by earning free board and food along with other consumable goods.
• D)You would be paid in coins and pay taxes on any items of value that you owned.
• E)You would be given a higher ranking each year,reaching the highest rank of lord after 20 years of service.

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Definitions:

Price Support

Government interventions or policies designed to maintain the market price of a commodity or product at a certain level.

Government Policy

Actions and strategies that governments enact to achieve economic, social, or political objectives.

Consumer Surplus

The distinction between the price consumers intend to pay for a product or service and the price they actually pay.

Government Policy

Laws, regulations, and actions taken by a government to monitor, regulate, or influence economic, social, or environmental outcomes.