Estimates of mineral reserves are dependent upon:
A) technological changes.
B) economic changes.
C) political changes.
D) price fluctuations.
E) all of these statements are true

Question

Quizplus · Accepted Answer

Mineral reserves are dependent upon technological changes because advancements in technology can make previously unavailable minerals accessible. Economic changes can also impact mineral reserves as fluctuations in demand and prices can make certain minerals more or less profitable to extract. Political changes can affect mineral reserves through regulations or nationalization of resources. Finally, price fluctuations are also a factor in determining mineral reserves as higher prices can make previously unprofitable deposits worth extracting. Therefore, all of the statements are true.

Estimates of Mineral Reserves Are Dependent Upon