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    Principles of Microeconomics Study Set 5
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    Exam 21: Economic Growth in Developing and Transitional Economies
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    Related to the Economics in Practice on Page 722: by 2001
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Related to the Economics in Practice on Page 722: by 2001

Question 1

Question 1

Multiple Choice

Related to the Economics in Practice on page 722: 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, profits ________ and consumer prices ________.


A) rose; fell
B) fell; rose
C) rose; rose
D) fell; fell

Correct Answer:

verifed

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