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.
Answer:
A
Explanation:
Both groups gained their freedom through rebellion and aggressive military campaigns.
Answer:
Amerigo Vespucci is remembered for several important reasons. He explored the mouth of the Amazon River. He also developed a method for determining longitude. Perhaps Vespucci's most important contribution, however, was his realization that the continent he was exploring was not Asia.
Explanation:
In search of fame and fortune, Portuguese explorer Ferdinand Magellan (c. 1480-1521) set out from Spain in 1519 with a fleet of five ships to discover a western sea route to the Spice Islands. En route he discovered what is now known as the Strait of Magellan and became the first European to cross the Pacific Ocean.
