Which of the Following Does NOT Describe the Contemporary Texas

question 83

Multiple Choice

Which of the following does NOT describe the contemporary Texas economy?

• A)More diverse than in the past
• B)More globalized than in the past
• C)Less dependent on agriculture than in the past
• D)The health of the economy is more reliant on the price of oil than in the past.
• E)The third largest state economy in the nation

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Definitions:

Capital Intensity Ratio

A metric used to determine the amount of assets required to generate a dollar of revenue; higher ratios indicate more assets are needed.

Accounts Payable

Financial obligations or debts owed by a company to its creditors or suppliers for goods and services received.

Net Income

Refers to the total profit of a company after all expenses and taxes have been subtracted from revenue.

Sales Decrease

A reduction in the amount of products or services sold by a business over a given period.