Which one of the following statements is true?
a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index
b. A reserve base index indicates a longer resource lifetime than a reserve index
c. Most non-renewable resource prices have increased over the past 40 years
d. Eventually all physical reserves of non-renewable resources will be depleted
e. The price path for a non-renewable resource typically looks like an inverted U shape
Ans: a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index
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