New markets for goods, new lands for natural resources. As in the case of all imperial colonies (including us when we were a British colony!), having new land has broad economic opportunities. Not only can the new land provide different resources and raw materials with which the mother country can make luxury manufactured goods, but a new colony is...
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.
Generally speaking, it would be an association with "the European Union" that offers the brightest immediate future for many African countries, since this is a union of many countries with economic and moral interests in Africa, as opposed to just one.
The Congressional power is known as the Supremacy clause.
In Article 6 Clause 2 of the United States Constitution, it states that federal laws are the supreme laws of the land. This means federal laws trump all other laws in the United States. So if the federal government wants to prosecute people for the possession of marijuana in a state where it is legal, they can legally do so thanks to the supremacy clause.
