Why were peasants worse off under the feudal system than they had been before? • They had no hope of making a profit from their farmland.
They were the second-lowest group in the social hierarchy,
They had to do hard manual labor for many hours each day.
O They were at greater risk of attack as they lived on a wealthy manor.
Save and Exit
Next
Submit

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.