Economy Texas

Question 1

Texas is near the Gulf of Mexico (water), therefor we can get goods from other countries by...

Accepted Answer

ships

Question 2

When demand for goods is low and supply is high prices ______.

Accepted Answer

drop

Question 3

Farmers in Texas adapted to the climate in Texas by planting crops that could grow with....

Accepted Answer

limited amount of rain.

Question 4

Spindletop caused...

Accepted Answer

an economic boom

Question 5

Who discovered Spindletop?

Accepted Answer

The Higgins

Question 6

In the 1920's factory products was a high demand.

Accepted Answer

True

Question 7

In the 1920's the price of crops dropped.

Accepted Answer

True

Question 8

Because of the oil industry in Texas...

Accepted Answer

population grew

Question 9

People in Texas left farms to move to cities to work in factories.

Accepted Answer

True

Question 10

Innovations....

Accepted Answer

make life easier.

Question 11

What was the first major oil well in Texas?

Accepted Answer

Spindletop

Question 12

When demand for goods is high and supply is low, prices ______.

Accepted Answer

rise

Question 13

An example of specialization in the economy is...

Accepted Answer

Store selling many types of shoes

Question 14

What has made it easier for Texans to trade with people from around the world?

Accepted Answer

Developments in communication

Question 15

Cattle ranches is found in ______ Texas because of it's flat land.

Accepted Answer

West

Question 16

What does unemployment mean?

Accepted Answer

people do not have jobs

Question 17

___________ is the benefit of the free enterprise system in Texas.

Accepted Answer

Prices rise and fall at the right levels

Question 18

In the 1920's many Texas farmers moved to the city and began working in factories.

Accepted Answer

True

Question 19

What is urbanization?

Accepted Answer

the population shift from rural (country) to urban (city)

Question 20

A key characteristic of the free enterprise system is...

Accepted Answer

competition between companies

Question 21

The Great Depression caused...

Accepted Answer

high unemployment

Question 22

What caused urbanization in Texas?

Accepted Answer

Oil and gas

Question 23

What is mass production?

Accepted Answer

Allowed factories to produce more goods.

Question 24

Oil boom in Texas caused...

Accepted Answer

people to find new uses for oil

Economy Texas

Questions 24

Economy Texas

Questions 24