Barton & Matthews Corp, a law firm, announces its acquisition of Fronton Corp Which of the following is likely to occur as a result of this acquisition?
a. The value of the Herfindahl-Hirschman Index for the legal services industry will decrease.
b. The value of the Herfindahl-Hirschman Index for the legal services industry will increase.
c. The market share of each firm in the legal services
industry will increase.
d. The market share of each firm in the legal services industry will decrease.
a
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Which of the following statements is true?
A) If the domestic price of a good in a country is higher than the world price, the country will become an exporter of the good. B) Whether a country becomes an importer or an exporter of a good depends only on the domestic price of the good and is independent of the world price of the good. C) If the domestic price of a good in a country is higher than the world price, the country will become an importer of the good. D) Whether a country becomes an importer or an exporter of a good depends only on the world price of the good and is independent of the domestic price of the good.
Explain the difference between correlation and causation. Give an example of each.
What will be an ideal response?