The hallmark of Clintonomics was first to reduce the budget deficit

For a consumer, the marginal utility of good A is 25 and its price is $5. The marginal utility of good B is 60 and its price is $12. The consumer has allocated his entire budget. Is this consumer maximizing his total utility? Explain your answer

What will be an ideal response?

The world prices of primary products are less likely to decline if

A. the major importers of the primary products impose high tariff barriers on their imports. B. the production of the primary commodities is increased by a greater proportion than the increase in their demand. C. the government of the countries that export primary products subsidize the production of these primary products. D. the exporters of the primary products form international cartels.