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

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

1 answer

The statement that best identifies how world competition contributes to the interdependence of the Texas economy is:

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

This statement highlights Texas's role in the global market and how international trade and foreign investment contribute to the state's economic interdependence.