Asked by Mohammed Elahi on Jun 22, 2024
Verified
Related to the Economics in Practice on page 716: In the Kerala region of India, fishermen used cell phones to help connect buyers and sellers, reducing waste. All of the following describe ways in which technology is likely to improve information flow and increase economic efficiency except
A) fax technology makes it possible to transmit signed contracts in seconds, allowing the parties to the contract to begin performing their contract duties more quickly.
B) high-speed Internet connections allow engineers in developing countries to collaborate with firms all around the world.
C) e-mail now makes criminals who commit certain kinds of fraud very difficult to identify and arrest.
D) video conferencing decreases the need for expensive business travel.
Economic Efficiency
A condition in which a system is capable of producing maximum desired outputs from given inputs without wastage, reflecting optimal allocation of resources.
Information Flow
The movement of information within and between entities, which is crucial for decision making and operations.
- Comprehend how technology contributes to improving economic productivity.
Verified Answer
RC
Ramón CastilloJun 25, 2024
Final Answer :
C
Explanation :
Option C describes a negative aspect of technology related to crime, not an improvement in information flow or increase in economic efficiency.
Learning Objectives
- Comprehend how technology contributes to improving economic productivity.
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