If the real interest rate is -1.4% and the nominal interest rate is 0.6%, expected inflation equals

In 2008, the current account balance was -706 billion and the capital and financial account balance was +711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts was ________

A) negative; negative B) positive; positive C) not enough information to determine; most likely negative D) -5; zero E) +5; zero

For Adam Smith, commercial society is characterized by

A) private property rights. B) specialization in production. C) voluntary exchange. D) all of the above.