Which of the following policy reforms would be most indicative of a laissez-faire approach?
A)eliminating a state's sales tax
B)raising tax rates on top income earners
C)issuing new currency
D)using environmental laws to shut down industries that pollute excessively

Question

Quizplus · Accepted Answer

Eliminating a state's sales tax is an example of a laissez-faire approach as it involves reducing government intervention in the market economy by removing a tax that may impede economic growth and individuals' ability to make choices. Laissez-faire philosophy advocates for minimal government intervention in the economy and promotes free markets and individual self-interest as the driving force behind economic growth.

Which of the Following Policy Reforms Would Be Most Indicative