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They have a huge oil industry. President Obama mentioned it a couple of times.

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What are the three economic goals?

The three economic goals are Economic Efficiency (maximize production with resources available without overproduction), Economic Growth (must grow to keep up with population and increase standard of living), and Economic Stability (stable prices and decreased frequency of 'shocks').


What are the three main economic resources used for making selling and using goods and services?

The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.


What are the three main economic resources used for makingsellin and using goods and services?

The three main economic resources used for making, selling, and using goods and services are land, labor, and capital. Land refers to natural resources and raw materials, labor encompasses the human effort and skills involved in production, and capital includes the tools, machinery, and financial resources required for creating and distributing goods and services. Together, these resources form the foundation of economic activity and contribute to the overall production process.


What are three categories of economic resources?

The three categories of economic resources are land, labor, and capital. Land encompasses natural resources and raw materials, while labor refers to the human effort and skills used in production. Capital includes man-made goods that facilitate the production of other goods and services, such as machinery and tools. Together, these resources are essential for producing goods and services in an economy.


What are the economics resources of Switzerland?

There are three main economic resources of Switzerland. These include agriculture, industry, as well as services. Because Switzerland has very few natural resources, they must rely on products they produce.

Related Questions

What three cities make up the Permian Basin in West Texas?

Midland, Odessa, and Big Spring make up the Permian Basin Region in West Texas.


What are the three types of resources of economics and why?

what are the 3 types of economic resources


What are Texas' three main resources?

i dot know'


What term causes a nation to have to answer the three basic economic questions?

Scarcity of resources


What are three main types of resources?

Natural resources (such as water, minerals, and forests), human resources (including labor and skills), and capital resources (financial assets, machinery, and technology) are three main types of resources that are essential for economic development and production.


What is the three state's resources are?

The term "three states' resources" can refer to various contexts, but often it pertains to the natural, economic, and human resources of three specific states. For example, if referring to states in the U.S., resources might include agricultural products, mineral deposits, and labor force. Alternatively, in the context of international relations, it could denote the combined economic and strategic resources of three countries. Clarifying which states or context you mean would help provide a more precise answer.


What are the 3 most profitable economic activities in Texas?

The three most profitable economic activities in Texas are energy production, particularly oil and natural gas extraction; technology and information services, which have seen rapid growth in cities like Austin; and agriculture, with Texas being a leading producer of cattle, cotton, and other commodities. The state's vast natural resources and diverse economy contribute significantly to its overall profitability. Additionally, the manufacturing sector, including aerospace and electronics, also plays a vital role in Texas's economic landscape.


What are the three economic goals?

The three economic goals are Economic Efficiency (maximize production with resources available without overproduction), Economic Growth (must grow to keep up with population and increase standard of living), and Economic Stability (stable prices and decreased frequency of 'shocks').


What are the three main economic resources used for making selling and using goods and services?

The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.


Why are the three types of economic resources important to the American industry?

They're important because of our survival needs.


What are the three main economic resources used for makingsellin and using goods and services?

The three main economic resources used for making, selling, and using goods and services are land, labor, and capital. Land refers to natural resources and raw materials, labor encompasses the human effort and skills involved in production, and capital includes the tools, machinery, and financial resources required for creating and distributing goods and services. Together, these resources form the foundation of economic activity and contribute to the overall production process.


Where are the members of Hollywood Undead from?

I know that Charlie, Deuce, and Funny are all from LA and I fon't know about the other three. Then I know 2 are from Odessa Texas (which the annoucned at there concert) Which one is johny 3Tears but i can't remember who else sorry.