Economic Activities in Texas

In 1848, a settler in San Antonio built a mill for grinding corn and allowed people to pay for the service with a portion of their ground corn. What is the key characteristic of a free enterprise system demonstrated in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1843, a settler in the Dallas area captured wild mustang horses, trained them, and sold them to the Army and settlers for a profit. What is the key characteristic of a free enterprise system demonstrated in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In a suburb of a large Texas city, a person is only allowed to do business at one bank in the area according to the city government officials. What characteristic of a free enterprise system is being denied in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1878, a farmer in West Texas decided to charge a toll or fee for each group of cattle crossing his land. What is the key characteristic of a free enterprise system demonstrated in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1920, a person in Austin started a taxi business using their newly purchased Ford Model T car. However, the county officials did not allow them to charge a fee for their services. What characteristic of a free enterprise system is being denied in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1942, during World War II, a person with beehives increased the price of honey due to the rationing of sugar. What is the key characteristic of a free enterprise system demonstrated in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1862, a person in Dallas had the best place to cross the Trinity River at their property and wanted to build a ferry. However, the county officials would run the ferry and set the fees, giving the person almost no profit or income. What characteristic of a free enterprise system is being denied in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1930s Kilgore, a person rented out their living room and front porch to provide sleeping space for people coming to work in the oil fields. They charged $5 per night and provided cots. What is the key characteristic of a free enterprise system demonstrated in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1828, a Texas settler had extra milk to sell but the Mexican government ruled that they could only sell two gallons of milk a week. What characteristic of a free enterprise system is being denied in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property

In 1880, a person in the forest region of East Texas owned a lumber mill and wanted to sell lumber to the north central region of Texas. However, the county government ruled that they could not take the lumber out of the county for use elsewhere. What characteristic of a free enterprise system is being denied in this scenario?

• Voluntary exchange

• Profit motive

• Economic freedom

• Private property