When Compared to the Rest of the Nation, the Population

question 24

Multiple Choice

When compared to the rest of the nation, the population of Texas

• A) is relatively young.
• B) is primarily an African American majority.
• C) has a lower percentage of its population living below the poverty level.
• D) has experienced a decline in Asian residents.

---

Definitions:

Terms of Trade

The ratio at which a country's exports are exchanged for imports, influencing the level of a country's economic health and prosperity.

World Price

The price at which a good is traded on the world market; determined by the world demand and world supply for the good.

Tariff

A Tariff is a tax imposed by a government on imported goods, often used to protect domestic industries from foreign competition.

Opportunity Cost

Giving up the chance to benefit from other opportunities by selecting a specific option.