The correct answer is "all of the above." Oil-led economic development typically results in rapid development of new towns near oil fields, generates significant tax revenue for the state, and provides the funding necessary for expanding public services, such as the university system and infrastructure development.
Oil-led economic development resulted in....
• rapid development of new, "boom" towns near oil field discoveries O financed a substantial expansion of the state's public university system
• provided the largest source of state tax revenue and stimulus for construction
• all of the above
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