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The steel needed to produce a tractor cannot be used to produce a tank.

The reason for that is scarcity.

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Wiki User

11y ago
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Nicolas Cooper

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2y ago
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Nicolas Cooper

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2y ago

The phrase refers to the trade-offs that nations face when choosing whether to produce more or less military or consumer goods.

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Q: How does the phrase guns or butter express the principle of trade-offs?
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