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If the average cost curve is U-shaped, then the marginal cost curve must cross the average cost curve at the bottom of the U.
Foreign Portfolio Investment
Investments in foreign countries' securities, such as stocks and bonds, without control over the management of those entities.
Net Capital Outflow
The difference between a nation's savings and its investment, representing the amount of domestic capital invested abroad minus the foreign capital invested domestically.
Pound Sterlings
The official currency of the United Kingdom, commonly known as the pound and denoted by GBP, which is one of the world's major currencies.
Bonds
Debt securities issued by entities such as governments or corporations to finance projects or operations, with the promise to repay the principal along with interest.
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