Which of the following statements concerning the medieval economy is most true?
a. Medieval economics, overall, tended to discourage merchant activity and technical innovation.
b. Medieval economics was a combination of capitalistic and feudal practices
c. Medieval economic thought and practice was of no consequence to later Western economic thinkers and actors.
d. Medieval economic systems were based on global trade with China and India.
e. Medieval economics simply repeated the thought and practice of earlier economic thinkers.
Answer: B