3 years ago

What segment of the economy was boosted by oil being extracted here?

History

2 answers:

Morgarella [4.7K]3 years ago

7 0

D.) The automobile industry used the substance to power cars and trucks.

leonid [27]3 years ago

7 0

The correct answer is: "The automobile industry used the substance to power cars and trucks."

When two industries that represents different stages of a same production process have nearby locations, vertical integration takes place, as they both profit from having either their suppliers or buyers close by. Such situations allows to reduce costs and to increase profits.

Also, the establishment of one of the industries might actually foster the development of the other, such as in the case of oil extraction, that triggers the apperance of industries who use oil as power nearby, as it is the case of the automibile industry.

You might be interested in

Which of the following is an inaccurate statement about public goods?. A. Public goods are nonrival: one person's consumption do

const2013 [10]

B public goods are shared

5 0

3 years ago

Please help.

snow_lady [41]

Answer:

Washington cautions the individuals that political groups may look for to discourage the execution of the laws made by the government or to anticipate the branches of government from working out the powers given them by the constitution.

3 0

3 years ago

Question 3

MrRissso [65]

Answer:

Explanation:

since selling the letters of indulgence is common in the period, selling position in the church happened a lot

8 0

2 years ago

Which economic mechanism does a barter system operate without? A. opportunity costs B. money C. supply and demand D. goods and s

lidiya [134]

Hi!