The Principles of Separation of Powers and Checks and Balances

question 90

Multiple Choice

The principles of separation of powers and checks and balances originated with

• A)Machiavelli.
• B)Rousseau.
• C)Montesquieu.
• D)Voltaire.
• E)Locke.

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Definitions:

Market Supply Curve

A graphical representation showing the total quantity of a good that producers are willing to sell at various price levels in a given market.

Optimal Allocation

The most efficient distribution of resources and production that maximizes the benefits or profits within an economy or specific market.

Government Intervention

Regulatory actions taken by a government to affect or influence a specific sector of its economy, often to correct market failures or promote social welfare.

Allocative Efficiency

Refers to a market situation where resources are apportioned in the most efficient manner, allowing for the optimal combination of goods and services production to meet consumer preferences.