Question

Which statement best describes an attitude shared by John
d. Rockefeller, Andrew Carnegie, and J. P. Morgan? (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 1

(1) Economic competition is inefficient and wasteful describes an attitude shared by John d. Rockefeller, Andrew Carnegie, and J. P. Morgan.

Answer 2

I believe the answer is: Economic competition is inefficient and wasteful.

. Rockefeller, Andrew Carnegie, and J. P. Morgan were widely known to create monopoly in each of their perspective business sector.
Because They see economic competition as inefficient, they decided to buy out all of their competitors before they grow and developed rather than beating them in the competition.