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How is production possibilities used to help allocate scarce resources?
its like comparing guns and butter...if you want to make more butter you have give up some guns...if you want to make more guns you have to give up some sticks of butter.
What are guns or butter decisions?
Hard decisionsWhen a government is chosing what to spend limited funds to buy- it can be used to provide for defense or for the general public wefare. But when you do not have enough money for both, it becomes and either/or choice.
What is the optimal mix of guns and butter for a nation?
Butter in production was the United States (522,000 t/575,000 short tons) and there are 211 million privately-owned firearms in the U.S. However, I am of the opinion that America has a slight too high gun-butter ratio, so I would perhaps suggest a gun-butter ratio of 250 guns:1t butter/year
Government choice between making military goods or consumer goods?
guns or butter
What is the difference between consumption and government purchases?
In macroeconomics, GDP is defined as: Consumption+Investments+Government Purchases+Imports-Exports. This is the "guns versus butter" debate: every dollar the government spends on buying guns (or on government salary, buying pens for government use, etc) is one less dollar available for private consumption of butter. Though technically, since investment is also there, you could make it guns versus butter versus cows.
What is Guns or butter decisions?
Expression that means make a choice- spend money on the tools or war (guns) or spend money improving the quality of life (butter)
What does guns and butter?
Guns to butter i think you mean. Google it.
What does guns and butter mean?
Guns to butter i think you mean. google it.
When was Guns Not Butter created?
Guns Not Butter was created on 2003-01-08.
Who sang Guns and butter in the 1980's?
'Guns Before Butter' by Gang of Four, from the album 'Entertainment'.
What are the release dates for Guns Before Butter - 2005?
Guns Before Butter - 2005 was released on: USA: 2005
What are guns of butter?
Expression is guns OR butter. Means make a decision- do you want to spend money on the tools or war (guns), or spend money improving the quality of life (butter on your bread- or just bread)
How do economists use the phrase guns or butter?
Guns or butter means in short a country that decides to produce mor military goods. (Guns). has fewer resources to devote to consumer goods. (Butter) and vice versa
How is production possibilities used to help allocate scarce resources?
its like comparing guns and butter...if you want to make more butter you have give up some guns...if you want to make more guns you have to give up some sticks of butter.
Guns and butter are used to represent the classic societal tradeoff between soending on?
Guns and butter used together represent investopedia. This is between the two.
What does guns of butter mean?
I think you mean guns and butter. Look that up instead. "Butter" when used in reference to firearms usually refers to a type of grease used with cast lead bullets or with black powder revolvers, sometimes called bore butter or bullet butter.
What are guns or butter decisions?
Hard decisionsWhen a government is chosing what to spend limited funds to buy- it can be used to provide for defense or for the general public wefare. But when you do not have enough money for both, it becomes and either/or choice.
