Which statement best describes economic activity in Texas?Multiple choice question.The Texas economy is highly diversified, with a strong presence in several industries.Agricultural interests such as cotton and ranching dominate the Texas economy.Texas relies on high-tech industries for economic growth.The oil and energy industries dominate the Texas economy.

Texas exports most of its oil. Which international markets impact Texas the most in this area?(1 point) Responses The Canadian and Mexican markets impact Texas the most. The Canadian and Mexican markets impact Texas the most. The South Korean and Canadian markets impact Texas the most. The South Korean and Canadian markets impact Texas the most. The Chinese and Mexican markets impact Texas the most. The Chinese and Mexican markets impact Texas the most. The Chinese and Japanese markets impact Texas the most.

Which of the following statements best describes the relationship today between government and the economy in the United States?Multiple ChoiceThe government has an important role in regulating and maintaining the U.S. economy.The government owns most of the means of production in the United States.The government is the driving force in the U.S. economy; business has a secondary role.The government subsidizes economic interests but otherwise leaves them to operate as they please.The economy is largely self-regulating.

Economics that deals with output, employment, incomes, and other activities for the economy as a whole is:Question 19Select one:a.Microeconomics.b.Agricultural Economics.c.Macroeconomics.d.International economicse.Freakonomics

Which statement best illustrates an example of economic specialization?A.A country reduces its division of labor by encouraging all workers to develop many different skills.B.A country attempts to become self-sufficient by producing all the cars it needs on its own.C.A country promotes businesses that create many different products despite high opportunity costs.D.A country focuses on growing a specific type of crop for export instead of a wide variety of crops.

Which type of economy has a government that plays a role in a few sectors but basically lets society take the economic lead?Group of answer choicesTraditional EconomyMixed EconomyCommand EconomyMarket EconomyNext