Which statement correctly analyzes the economic situation in Williston, North Dakota?(1 point)

Responses

Williston helped North Dakota become economically successful because of its forest resources.
Williston helped North Dakota become economically successful because of its forest resources.

The majority of crude oil drilled around Williston stayed in Williston.
The majority of crude oil drilled around Williston stayed in Williston.

Williston experienced economic wealth due to the extraction of natural capital.
Williston experienced economic wealth due to the extraction of natural capital.

Williston saw its population decline in 2014.

1 answer

The statement that correctly analyzes the economic situation in Williston, North Dakota, is:

Williston experienced economic wealth due to the extraction of natural capital.

This reflects the significant economic impact of the oil boom in the Bakken formation, which brought substantial economic growth to Williston and the surrounding areas.