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

Question

Quizplus · Accepted Answer

The amount of tax revenue generated from oil and natural gas produced in Texas is mainly determined by the market price and the amount produced. The higher the market price and the greater the amount produced, the more tax revenue the state of Texas will receive.

What Determines the Amount of Tax Revenue Generated from Oil