Proved reserves are likely to underestimate the total quantity of the resource in the ground because
A) of flaws in information flows between countries.
B) government agencies have an incentive to keep reserves secret.
C) of future improvements in technology and higher future prices.
D) scientists have not been able to use the latest techniques to estimate reserves in less developed countries.

Question

Quizplus · Accepted Answer

Future improvements in technology and higher future prices can make it economically viable to extract resources that are currently not considered part of proved reserves, thus increasing the total estimated quantity of the resource.

Proved Reserves Are Likely to Underestimate the Total Quantity of the Resource