A Nomothetic Causal Explanation Is One Involving the Belief That

question 26

Multiple Choice

A nomothetic causal explanation is one involving the belief that variation in an independent variable will be followed by ______, when all other things are equal.

• A) variation in the independent variable
• B) a counterfactual display
• C) nonspuriousness
• D) variation in the dependent variable

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Definitions:

Oligopolistic Industries

Markets or industries dominated by a few large firms, where each firm has some market power and their decisions affect each other.

Celler-Kefauver Act

A United States antitrust law passed in 1950 aimed at preventing anticompetitive mergers and acquisitions that might reduce competition.

Conglomerate Mergers

Mergers between firms that operate in unrelated business activities, aiming to diversify product offerings and risks.

Herfindahl-Hirschman Index

An economic indicator that measures the level of concentration and competition within an industry.