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Essay Question: In 1-2 sentences, explain how Texas being an important supplier of goods and services is beneficial to the state and its people. Markets Drive Production During the twentieth century, Texas made a new name for itself. It became a leader in providing quality goods and services to consumers. Products made or grown in Texas reach markets as far away as Asia and as close to home as New Mexico. National and international markets drive the demand for products. Texas is happy to supply those items. Oil and petroleum, beef, and cotton are all highly sought after by buyers. Texas has been in the oil business for over 100 years. It has been supplying beef and cotton even longer. Agricultural and oil companies use the 21st century skill of managing and using information to determine how much of a commodity the markets demand. With that data, they can ship the right amount of product to the right place at the right time. The ability to manage and use information efficiently means that there is no surplus or shortage in the market. This keeps both consumers and producers happy. Texas has been the leading exporter of goods for close to a century. The natural resources and rich soil in Texas make it prime real estate for growing cotton, tending cattle, and drilling for oil. The national and international markets for these products drive the supply and demand. The need for these commodities in areas outside of Texas has made the state a leader in these markets. Impact Exporting goods is beneficial to Texas s economy. The U.S. has continuously pursued international trade since the end of World War II. Texas has been one of the top exporters the entire time. Trade acts as an energizer to the economy. The more products the state produces, the more it can export. This means more and better-paying jobs for producers. The effects of being a key player in national and international markets are positive for Texans. Economists, oil companies, and ranchers all utilize the 21st century skill of managing and using information to determine which products should go to which markets. Understanding this flow of information helps control supply and demand, making Texas a vital part of the economy. Essay Question: In 1-2 sentences, explain how Texas being an important supplier of goods and services is beneficial to the state and its people. Copy all these sentence starters (below in red) into the answer box if you don t know how to type a complete answer or how to start Then, fill in the blanks with what you learned, in your OWN words (do not copy word-for-word from the paragraphs) Re-read your answer to make sure: that the sentences make sense, it fully answers the Essay Question, and your sentences are coherent Copy these sentence starters in the answer box below and fill in: Texas is an important supplier of goods and services, such as ___________________________________________ and exports these products to other countries. This benefits Texas and the people in these ways: ______________________________ _______________________________________________________. Write it in 6th grade
Answers
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Texas is an important supplier of goods and services, such as oil, beef, and cotton, and exports these products to other countries. This benefits Texas and the people in these ways: it creates more jobs for workers and helps the economy grow, which means that people can have better opportunities and a higher standard of living.