Answer: Hello!!! I think its B. Increasing taxes to pay for greater military spending.
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Yes, the government practiced laissez-faire economics when promoting railroad construction.
- This is because laissez-faire economics is a type of economics that is determined solely by the power of demand and supply without the intervention of the government.
- Laissez-faire economics is considered to be a total or pure capitalism where the only influence is the force of demand and supply.
Since the railroad construction in the United States in the 19th century was built by the private sector or individuals, and the prices of transportation were determined by the market forces,
hence, in this case, the correct answer is "Yes, the government practiced laissez-faire economics when promoting railroad construction."
Learn more here :brainly.com/question/13663371
<span>The largest proportion of federal revenues comes from personal income taxes (PIT). It is the </span>tax<span> levied on </span>income of a person and it <span>varies with the respective </span>income<span> or profits (taxable </span>income).
<span>Personal income is the sum of all the incomes received by all the individuals during a given period. PIT is a tax to this income that the individual pays to the State. </span>
