A Circular Wire Ring Is Situated Above a Long Straight $I$

Multiple Choice

A circular wire ring is situated above a long straight wire, as shown in the figure. The straight wire has a current $I$ flowing to the right, and this current is increasing at a constant rate. Which of the following statements is true?

A) There is no induced current in the wire ring.
B) There is an induced current in the wire ring, directed in clockwise orientation.
C) There is an induced current in the wire ring, directed in a counterclockwise orientation.