Texas and the Free Enterprise System Quick Check

Question

1 of 51 of 5 Items
Question
Which statement best identifies how world competition contributes to the interdependence of the Texas economy?(1 point)
Responses

The money spent by farmers provides wages for other individuals and income for businesses in Texas.
The money spent by farmers provides wages for other individuals and income for businesses in Texas.

Texas led the nation in exports while over half a million Texans are employed by foreign-owned companies.
Texas led the nation in exports while over half a million Texans are employed by foreign-owned companies.

Texas has an abundance of energy resources, agricultural products, and innovative technology goods to meet many demands.
Texas has an abundance of energy resources, agricultural products, and innovative technology goods to meet many demands.

The relatively low cost of doing business in Texas helps producers make high profits.

Answer 1

Texas led the nation in exports while over half a million Texans are employed by foreign-owned companies.