Correct. The answer is c. Although laissez-faire demanded the elimination of all government intervention in business or the economy, industrialists supported such interventions when they came in the form of beneficial favors, such as tariffs, land grants, or subsidies. It was only the detrimental policies, such as taxes and regulations, that industrialists attacked by invoking laissez-faire philosophy.
Incorrect. The answer is c. Although laissez-faire demanded the elimination of all government intervention in business or the economy, industrialists supported such interventions when they came in the form of beneficial favors, such as tariffs, land grants, or subsidies. It was only the detrimental policies, such as taxes and regulations, that industrialists attacked by invoking laissez-faire philosophy.