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In medieval times, philosophers and theologians argued that the exchange of goods should be governed by?

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Final answer:

In medieval times, the exchange of goods was governed by a system of social obligations and ties between the serfs, lords, and kings.

Step-by-step explanation:

In medieval times, philosophers and theologians argued that the exchange of goods should be governed by a system of social obligations and ties. This system of obligations and ties existed between the serfs and their lords, and the lords and the kings. It framed the economic and political world of the Middle Ages.

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