If there are an estimated 20,000 barrels of unknown reserves of oil, annual consumption of oil is 800 barrels, and it is estimated that the supply of oil will be depleted in 50 years, how many barrels of known reserves of oil are there estimated to be, all else equal?
A) 1,250
B) 16,000
C) 20,000
D) 320,000
Correct Answer:
Verified
Q1: The report that concluded that the world
Q2: If there are approximately 5,000 barrels of
Q3: If there are approximately 6,000 barrels of
Q4: If there are approximately 8,000 barrels of
Q6: The proven-reserves figure used in most years-to-depletion
Q7: All else equal, if oil prices increase,
Q8: All else equal, if oil prices decrease,
Q9: All else equal, when oil prices increase,
Q10: All else equal, when oil prices decrease,
Q11: All else equal, as the price of
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