In the context of Ireland's Balance of Payments, what does the term "patent cliff" refer to?
(a) The large number of FDI companies in Ireland.
(b) A drop in exports attributed to the pharmaceutical sector.
(c) Plummeting unemployment levels.
(d) A depreciating currency.
Answer: (b) A drop in exports attributed to the pharmaceutical sector.
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The study of how a particular firm might choose to maximize its profits would fall into what type of analysis?
A) macroeconomics B) microeconomics C) labor economics D) aggregate economics
In a study of banking by asset size over time, we can find which asset sizes are tending to become more prominent. The size that is becoming more predominant is presumed to be least cost. This is called:
a. regression to the mean analysis. b. breakeven analysis. c. survivorship analysis. d. engineering cost analysis. e. a Willie Sutton analysis.