Why does the shift to a more service-oriented Texas economy present a challenge for state revenues?
A) There are fewer jobs available in the service industry. B) A service-oriented economy increases enrollments at elementary schools. C) Many services are exempt from sales taxes. D) Most service-industry workers are able to collect unemployment benefits if they lose their jobs. E) The service-oriented economy hinders the ability of banks to borrow money.
Question 2
Which of the following yields less revenue for Texas than it did forty years ago?
A) Severance taxes B) Personal income taxes C) Sin taxes D) The state lottery E) Sales taxes
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