Question

ensuring global competition maintains consumer protection

O

"Businesses and families are moving to Texas because we provide an
environment that allows people to succeed on their own terms. Texas
offers a brand of freedom unlike any other state in America-we have no
state income tax, we've cut ... regulations, and we continue to invest in our
young, diverse, and ever-growing workforce. We are committed to
cultivating this thriving economic climate in the years to come to ensure
that all Texans have the ability to achieve their dreams."

-Texas Governor Greg Abbott, March 2022

Which element of the free enterprise system is most closely associated with
Governor Abbott's statement?

(1 point)

O

O effects of supply and demand on price stability

O limited government involvement in the economy

increasing profit margins

page 17 of 17

Answer 1

limited government involvement in the economy

Explanation: Abbott emphasizes no state income tax, fewer regulations, and individual/business freedom—hallmarks of minimal government interference in a free enterprise system.