Which Technological Change Did NOT Help Define and Redefine the Texas

question 35

Multiple Choice

Which technological change did NOT help define and redefine the Texas political economy over the last 150 years?

• A) cotton production
• B) cattle distribution
• C) the oil industry
• D) large-scale irrigation from underwater reservoirs, particularly the Ogallala Aquifer

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Definitions:

Financial Wisdom

The knowledge and understanding necessary for making prudent financial decisions, encompassing personal finance, investing, budgeting, and saving strategies.

Representativeness Heuristic

A cognitive shortcut used in decision-making, where the likelihood of an event is judged by how much it resembles existing stereotypes.

Affect Heuristic

The reliance on instinct instead of analysis in making decisions.

Endowment Effect

A cognitive bias in which individuals value an owned object higher than its market value, simply because they own it.