Related to the Economics in Practice on P

question 86

Multiple Choice

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.

• A) profits; consumer prices
• B) consumer prices; productivity
• C) consumer prices; competition
• D) competition; profits

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Definitions:

Disclosure

The act of making known or public; in legal and business contexts, it often involves the revealing of previously private information.

Antifraud Provisions

Legal rules and regulations designed to prevent deceit, misrepresentation, and other fraudulent actions in transactions.

Registered Securities

Financial instruments, such as stocks and bonds, that are recorded in the official records of the issuing company, detailing who owns them.

Registration of Securities

The process of filing the necessary documents with the Securities and Exchange Commission before securities can be offered for sale to the public.