The available options are:
(1) Economic competition is inefficient and wasteful.
(2) Strong labor unions are essential to the health of the economy.
(3) Natural resources belong to all citizens and should not be used for private gain.
(4) Concentrating economic power in the hands of a few individuals is a threat to the country.
Answer:
Economic competition is inefficient and wasteful
Explanation:
The statement best describes an attitude shared by John D. Rockefeller, Andrew Carnegie, and J. P. Morgan is "Economic competition is inefficient and wasteful."
This is evident in the fact that all these three aforementioned wealthy Americans were popularly known for their tendency to develop any form of monopoly in their various business industry.
To them, the existence of economic competition leads to inefficiency. Hence, they always prefer to eliminate the competition, before committing massive investments for the needed growth and development, instead of outwitting the competitors.
Medieval, Renaissance, Baroque, Classical, Romantic, Modern, Impressionism, Neoclassicism, Experimental, High Modern, Contemporary
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Explanation:
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The war between the United States and the Confederate States began on April 12, 1861 at Fort Sumter, Charleston, South Carolina. The immediate cause was Constitutional principle: the U.S. government refused to recognize the southern states' right to secede from the Union, and the C.S.
Nelson Mandela was referred as one of the great figures in the past century for many reasons. First of all, Nelson Mandela was an anti-apartheid leader who became South Africa's first black president. Second of all, major events and achievements that Nelson Mandela consummated in his life is in 1952, Mandela leads the defiance campaign which encouraged people to break segregation laws and he passed an exam in order to be an attorney, and with Tambo, establishes the first black law partnership in the country. In 1961, he helps establish ANC guerilla wing, Umkhunto we sizwe, or spear of the nation. And last but not least, in 1994, Nelson Mandela became the first black president after democratic elections as an achievement that will never be forgotten in black history.
