According to our text, what determines the amount of tax revenue generated from oil and natural gas produced in Texas?
A) the minimum wage and unemployment rate
B) market price and the amount produced
C) federal regulations and excise taxes imposed by the federal government
D) pipeline construction and environmental issues
E) refinery capacity and foreign competition

Question

Quizplus · Accepted Answer

The amount of tax revenue generated from oil and natural gas produced in Texas is determined by the market price and the amount produced. Other factors mentioned in the options may have an impact on the industry, but they do not directly determine tax revenue.

According to Our Text, What Determines the Amount of Tax