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.
It is constitutional to segregate races as long as the quality of the <span>facilities is the same for everyone.</span>
Nominal GDP is the market value of goods and services produced in an economy undigested for inflammation. Real GDP is nominal GDP, adjusted to reflect changed in real output. The main difference between nominal GDP in real GDP is the adjustment for implantation since nominal GDP is calculated using current prices it does not require any adjustments for inflation.
