Which of the Following Is True of the Effect of the Mobile

question 85

Multiple Choice

Which of the following is true of the effect of the mobile phone on agriculture in Africa?

• A)It has had little effect on agriculture, but technology experts see promise in the coming years as technologies advance.
• B)It has little effect on agriculture, because farmers largely reject new technologies in favor of tradition.
• C)It has allowed farmers increased access to information about weather, economics, animal breeding, and planting, for example.
• D)It has been helpful for large farms, but less so for small family farms.

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Definitions:

Purely Competitive Market

A market framework where numerous buyers and sellers exist, there's unrestricted access and departure, and the product is uniform, which results in participants accepting the market price as given.

Economic Profit

Profit calculated by subtracting both explicit and implicit costs from total revenues, providing a measure of the true economic performance of a venture.

Purely Competitive Market

A market structure characterized by a large number of small firms selling identical products, with no single firm able to influence market prices.