Esmer
Texas has a long history of a _ economy, though in recent years the economy has diversified in ways that mitigate huge swings in the business cycle.
Boom-or-bust
Texas remains one of the top ten states for _, which includes oil and natural gas production.
Mining
What happened to the NASDAQ in spring 2000?
It lost almost three-quarters of its value
What was Texas ranked in 2020 for being the best place to make a living?
Texas was ranked first, second, or third among all states.
High prices for _ still bolster the economy, though they don’t dominate the economy as they once did.
Oil & Natural gas
It is often said that the “_ of Texas is _.”
Bidness
What was the impact of the 9/11 attacks on the U.S. economy
The 9/11 attacks shook confidence in the economy
How does Texas tax structure benefit businesses?
Texas tax structure doesnt really have any benifits for businesses
Texas is a “pay-as-you-go” state.
True
The flexibility and breadth of the tax system so that state revenues are not seriously disrupted even if one segment of the economy is troubled.
Elasticity
Which Houston-based company was involved in the largest scandal?
Enron
What is the maximum unemployment benefit in Texas?
A worker can receive up to $200 a week for up to 26 weeks
A rise in the general price level, which is the same thing as a fall in the value of the dollar.
Inflation
State finance consists of raising and _ money.
Spending
What effect did the 2008 mortgage crisis have on Texas?
It caused economic disruption and challenged banks
How much has Texas provided in incentives to attract technology companies since 2004?
Over $1 billion
The Texas economy has been based on natural resources, chiefly oil, land, and water.
True
Oil and gas revenues once were the mainstay of Texas revenue.
True
Why did the COVID-19 crisis affect Texas government revenue?
The COVID-19 crisis caused unemployment to spike reducing tax revenue
What is considered a serious shortcoming of Texas efforts to spur business development?
The lack of available resources for entrepreneurs