Residents of North Carolina presently burn 5 billion gallons of ...

Residents of North Carolina presently burn 5 billion gallons of imported petroleum-based liquid fuel per year. How would the state’s economy be affected if North Carolina could produce bio-fuels locally as a replacement?

A. Tax revenues would decrease.

B. Unemployment would increase.

C. The economy would decline due to exports.

D. The economy would improve with new jobs and tax revenue.

Select your answer:

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