<span>Though Phoenicia was a small nation, contributed greatly to
civilization In terms of trade, they were great sailors and established many
trading posts in North Africa, Crete, Greece and other countries in the Mediterranean
Islands. From trading, they bought with them products from Asia as well as
introduce cultural influences from Egypt, Mesopotamia, Persia and India. Apart from trade, they are best known for
introducing the alphabet and were the first to use it as a form of writing
which many civilizations have adopted today.</span>
If there is a general favor towards certain people, if he were to select otherwise, then people would think he was biased. This would result in a bad reputation towards him, with a worst case leading to him being impeached if the public sees enough corruption.
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.
The policy that government should interfere as little as possible, and have free businesses
