The distribution of powers among the three federal branches- The Congress, The President and The Judiciary and between the national and the state governments had a positive impact on policy making. In this system there is the check and balance among the three branches which leads to criticism of wrong policies and adoption of good policies. More importantly the policies are discussed by the federal and state government as well and the decisions are taken on the basis of consent which ultimately leads to adoption of efficient policies by the government.
Rationalism led to the use of empiricism, or observation, in science. Francis Bacon invented the scientific method based on rationalism. It also lessened overbearing religious dogma
Answer:
- Land, labor, and capital also are known as factors of Production
- Economies must answer the three economic questions because resources are Limited
- If an economy does not answer the three economic questions, resources may Run out
- Negative consequences can result when an economy does not answer the three economic questions.
Explanation:
The three basic economics question that must be answered are:
- What goods and services will be produced?
- How will the goods and service will be produced?
- Who will consume the goods and services?
Every society must answer these three question in order to meet the needs of its people. Every society answer these 3 basic questions differently, but each encounters the same fundamental problems, that are resourcea allocation and scarcity.