Upland has a population of 15,000, of whom 9,000 work 8 hours a day to produce real output of $342,000. lowland has a population of 8,000, of whom 7,000 work 7 hours a day to produce real output of $171,500. a. upland has higher productivity and higher real gdp per person than lowland. b. upland has higher productivity but lower real gdp per person than lowland. c. upland has lower productivity but higher real gdp per person than lowland. d. upland has lower productivity and lower real gdp per person than lowland.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Which of the following has the largest impact on opportunity cost

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage