Related to the Economics in Practiceon p. 713: By 2001, the ...

[faduma]

Question 1

Related to the 
Economics in Practice on p. 713: By 2001, the majority of the fishing fleet in the Indian state of Kerala had mobile phones. As a result of the introduction of mobile phone service, ________ in this fishing industry was virtually eliminated.

◦ human capital
◦ profit
◦ competition
◦ waste

Question 2

Related to the 
Economics in Practice on p. 713: By 2001, the majority of the fishing fleet in the Indian state of Kerala had mobile phones. As a result of the introduction of mobile phone service to this fishing industry, ________ increased and ________ decreased.

◦ profits; consumer prices
◦ consumer prices; productivity
◦ consumer prices; competition
◦ competition; profits

[joneynes]

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[faduma]

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[joneynes]

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