From an Overall Standpoint, Which Statement Is True

question 55

Multiple Choice

From an overall standpoint, which statement is true?

• A) The Texas economy is closely tied to the national economy.
• B) The Texas economy is largely immune to the national economy.
• C) The Texas economy is much larger than the national economy.
• D) The Texas budget cycle effectively insulates the state economy from the rest of the world.
• E) Oil and natural gas production within the state's borders generate over two-thirds of state tax revenue.

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Definitions:

State Legislature

The legislative branch of state government in the United States, responsible for making and passing laws at the state level.

Independent Federal Administrative Agency

A government agency that operates independently of the executive branch, often established by Congress to regulate and oversee specific areas of public administration.

Stare Decisis

A legal principle that obligates courts to follow historical case law when making rulings on similar cases.

Precedent

A precedent is a legal decision or case that establishes a principle or rule that may guide future courts in deciding similar issues.