Suppose the balance on the current account is +$50 billion and the balance on the capital account is +$1 billion. The balance on the financial account is:

What explains the increase in supply and fall in price of HDTVs during from 2010 to 2015?

A) Technological innovations that reduced the cost of production B) Fewer producers in the industry C) A fall in demand for HDTVs as more people turned toward superior substitutes D) None of the above.

Without any change in the supply of labor, how are the following events likely to change the equilibrium wage and employment level in a firm that manufactures umbrellas?

a) A forecast of higher rainfall this year b) A decrease in the price of raincoats c) The introduction of labor-saving technology in the factory