What are potential solutions that can alleviate problem

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Assignment: The tale of two North Dakota.

1. North Dakota: The Oil Boom (By IowaPublicTelevision)

2. The Boom is Over for North Dakota Oil Town As Prices Continue to Drop | NBC Nightly News

The two videos above are about 3 years apart. The first one was produced in 2012; the second one was produced in the end of 2015. After watching this video, what do you think are the downsides if a economy rely too heavily on one or few commodities? Do you see any similarities between the North Dakota and Houston economies? Do you know anyone who is currently be affected by this downturn in the oil market? What are some of the potential solutions that can alleviate this problem right now?

Answer must be 250 words

Reference no: EM132330059

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