Which of the following countries has the highest degree of income inequality?

Fill in the blank: ________ is another term for a decline in real GDP is

A) Deflation. B) Inflation C) Economic growth D) Recession E) Unemployment

The reason that the Fisherman's Friend restaurant in Stonington, Maine had a monopoly on selling seafood dinners in that town is most likely due to

A) no competitors apparently found the profit level attractive enough to enter the market. B) the restaurant owned all the fresh seafood in the state. C) a government-imposed barrier. D) occupational licensing.