How did the creation of Parliament and its powers provide a framework for the designers of the US government? It established the
ideas of precedent and common law. It ended the idea of divine right of kings. It gave an example of a representative government body. It demonstrated members of government not bound by the law.
It gave an example of a representative government body.
Explanation:
The Parliament mentioned here, is the Parliament of United Kingdom, which was established in 1801. While USA does not use a similar system nowadays, in the beginning, the idea of House of Representatives, can be said to be inspired by UK’s parliament, which consisted of House of Lord and House of Commons. The UK, however, operates constitutional monarchies, while the USA, operates a federal republic.
The economy you described in your question is called a market economy. It has free markets and the production of goods and services are determined by the consumers.