Because the tax system in Texas is not easily adjusted to ups and downs in the economy, it is said to _____.
a. be recession-driven
b. be inflation-driven
c. lack progressivity
d. lack regressivity
e. lack elasticity
Question 2
The Texas economy is shifting from one based on natural resources to one based on _____.
a. manufacturing
b. the banking industry
c. information and technology
d. federal grants
e. sports teams