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

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.

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.

although world war i began in 1914, the united states did not join the war until 1917. the additional firepower, resources, and soldiers of the u.s. to tip the balance of the war in favor of the allies. remaining neutral. when war broke out in 1914, the united states had a policy of neutrality.