Final answer:
Herbert Hoover's philosophy on government's role in the economy is best captured by the slogan 'Limited Government, Maximum Prosperity,' emphasizing laissez-faire economics and individual responsibility with minimal government intervention.
Step-by-step explanation:
Herbert Hoover's philosophy regarding the role of government in the economy can be summed up as a firm belief in laissez-faire economics and rugged individualism, with the slogan that best encapsulates his attitude being 'Limited Government, Maximum Prosperity' (option c). Hoover's approach to economic policy was to reduce federal regulations to encourage economic growth and to promote the idea that individuals are responsible for their own success, expecting minimal government intervention in the lives of the American people. He also emphasized the importance of a balanced budget and a strong dollar, and warned against the dangers of a large and powerful central government.