Refer to the given data. If the prices of labor and capital are $9 and $15 respectively, the profit-maximizing firm will hire:

After adjusting for inflation, over time the prices of most natural resources have been

a. steady or falling, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling. b. steady or falling, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing. c. rising, meaning that our ability to conserve them is growing more rapidly than their supplies are dwindling. d. rising, meaning that their supplies are dwindling more rapidly than our ability to conserve them is growing.

A Federal budget deficit exists when:

A. Federal government assets are less than liabilities in a given year B. Federal government spending exceeds tax revenues in a given year C. Federal government spending is increasing in a given year D. Federal government taxation is decreasing in a given year