Which of the Following Characterizes the Condition of Peasants in Western

question 46

Multiple Choice

Which of the following characterizes the condition of peasants in western Europe in the eighteenth century?

• A)They were bound to a lord's feudal manor and worked the lord's land as part of a long series of feudal obligations.
• B)They were technically free but suffered under a system of debt obligation to feudal lords who prevented them from owning their own land.
• C)They were free to own small plots of land but never enough to fully support themselves, requiring them to continue to work the land of the local lord, who owned a vast majority of it.
• D)They were generally free from serfdom and owned land that they could pass on to their children.

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Definitions:

Deadweight Loss

The reduction in total societal welfare resulting from market inefficiencies, typically due to taxes, subsidies, or monopolies.

Market Output

The total quantity of goods or services produced and offered for sale in a particular market.

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, such as high startup costs or stringent regulations.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market at a lower cost than two or more firms, due to economies of scale.