Question

The Arab oil embargo forced the United States to produce more oil domestically. How did this incident affect Oklahoma’s economy?

A.

Oklahoma’s economy slowed because the embargo increased the price of oil and sales fell.

B.

Oklahoma’s economy grew because many investors put money into the state’s oil industry.

C.

Oklahoma’s economy remained unaffected because it had a successful oil industry before the embargo.

D.

Oklahoma’s economy slowed because the state depended on oil for several economic activities.

Answer 1

Step-by-step explanation:

B.

Oklahoma’s economy grew because many investors put money into the state’s oil industry.