Final answer:
The Compromise of 1850 led to Texas establishing its present boundaries in exchange for $10 million from the federal government, while also admitting California as a free state and implementing the Fugitive Slave Act.
Step-by-step explanation:
The Compromise of 1850, passed by the U.S. Congress, included several provisions, but the one pertaining to Texas is that Texas's present boundaries were established in exchange for a payment from the federal government. Texas relinquished a portion of its western territory to New Mexico for $10 million. This compromise included other measures such as admitting California as a free state, and instituting the Fugitive Slave Act which provided federal bounties to slave-catchers, and establishing the principle of popular sovereignty in the New Mexico and Utah territories to decide on the question of slavery. As a result, the slave trade was banned in Washington, D.C., although slavery itself could continue. The correct answer to the student's question is b) Established Texas's present boundaries in exchange for a payment from the federal government.