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

Responses

Williston saw its population decline in 2014.
Williston saw its population decline in 2014.

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

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

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

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 boom in the oil industry in the area, particularly due to the Bakken Formation, which significantly contributed to the local and state economy. The other statements are not accurate in the context of Williston's economic situation.