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If the average total cost curve is falling, what is necessarily true of the marginal cost curve? If the average total cost curve is rising, what is necessarily true of the marginal cost curve?
Creditor Nation
A country that has more claims (investments and loans) on other countries than other countries have on it, typically indicated by a positive balance of payments.
Current Account Deficit
A situation where a country's total imports of goods, services, and transfers exceed its total exports.
Swiss Francs
The currency of Switzerland and Liechtenstein, known by the ISO code CHF, and recognized for its stability and reliability.
Demand for Swiss Francs
The desire or need by individuals or institutions to acquire Swiss Francs, often influenced by factors such as investment opportunities and economic stability.
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