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;

Standards: Supporting

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

Standards: Readiness Anchoring Long Strand Concept STAAR Alignment