Praxis 5941 Practice Test Practice Question
Which of the following best describes the effect of guilds on the economy of medieval Europe?
Correct Answer: A
Rationale: Guilds played a crucial role in the medieval European economy by empowering merchants and artisans. They facilitated collaboration, regulated trade practices, and established standards for quality and pricing, which helped stabilize markets and ensure fair competition.
Option B is incorrect as guilds were primarily composed of merchants and artisans, not clergy, who had different roles in society. Option C misrepresents the function of guilds, as they did not primarily serve peasants or agricultural interests. Option D inaccurately suggests that guilds concentrated power within the nobility; rather, they provided a counterbalance to noble control, fostering a more equitable economic environment.
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