. In a free enterprise market,
a. business owners decide how to run their companies.
b. government sets the supply and demand.
c. profit is not important.
d. competition is eliminated.
_____ 2. In 2000, agribusiness and its related industries employed what percent of Texas workers?
a. 1.4 percent
b. 3.6 percent
c. 14 percent
d. 36 percent
_____ 3. The North American Free Trade Agreement (NAFTA)
a. eliminated many trade barriers.
b. discouraged trade.
c. supported overseas trade.
d. increased the taxes on imports.
.
_____ 4. The most valuable product imported into Texas is
a. computers.
b. beef.
c. crude oil.
d. refined oil.
____ 5. Which of the following demonstrates one way that international events affected Texas?
a. Medications developed in Texas are used to treat patients locally and internationally.
b. Japan banned the importation of U.S. beef, which hurt the Texas cattle industry.
c. Companies worldwide adopted the online sales model of Dell, a Texas company.
d. Choices made by Texas farmers and ranchers affect food prices.