Technological Change in Texas Is Best Evidenced by the

question 36

Multiple Choice

Technological change in Texas is best evidenced by the

• A) Civil War's positive effect on the Texas economy.
• B) boom-and-bust cycle of the oil industry.
• C) development of a high-tech industry after a slump in oil prices.
• D) continued reliance on ranching.
• E) continued reliance on oil production.

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Definitions:

Medium Of Exchange

Anything that is widely accepted as a means for the payment of goods and services and repayment of debts.

Opportunity Cost

Represents the value of the best alternative that must be given up in order to pursue a certain action or decision.

Cookies

Small files stored on a user's computer by websites to remember user preferences and activity.

Specialization Of Labor

Focusing work effort on a particular product or a single task.