7.12 §7.12 Social Studies
Materials related to Section 7.12 of the Texas Essential Knowledge and Skills TAC §113.19(b)(12).
7.12 Economics. The student understands the interdependence of the Texas economy with the United States and the world. The student is expected to:
7.12(A) explain the impact of national and international markets on the production of goods and services in Texas, including agriculture and oil and gas;
7.12(B) explain the impact of economic concepts within the free enterprise system such as supply and demand, profit, and world competition on the economy of Texas; and