Activities are generally small programs that serve a single purpose. They can range from very specific and small to rather complex. Fragments are individual parts of an Activity that are intended to work together to do all the work the Activity requires. A Fragment is intended to do one thing and one thing well. If it's to display an article, that's what it does. It doesn't care about a list of articles, or changing user preferences or anything like that. So if you have one Activity that's only intended to display an article, then that's the only fragment you'll have.
If you use one fragment per Activity, then you are basically moving to the old way of doing things (pre-fragment). There's absolutely nothing wrong with this. It's the way things were after all. It will just increase clutter possibly since you will have a Fragment file and an Activity file as well as other things.
So a good example may be a Gallery app. You will initially have one Activity with three loosely-coupled Fragments that it swaps out.
GalleryFragment - Shows a list of pictures and videos available.
PictureFragment - Shows a picture with zoom in and rotate features.
VideoFragment - Shows a video with playback controls.
Like Suhail Mehta said, you could show these Fragments together on a tablet if your design wanted and you'd have very little to change.
Later on, you decide to allow your Gallery app to be shared by other 3rd parties via implicit Intent. To do this, you'd make two more Activities:
PictureActivity - Shows a picture provided. Uses only the PictureFragment.
VideoActivity - Shows only a video. Uses only the VideoFragment.
So with that, it's very easy to add, remove, and update features.