0
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
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
The synonym economists commonly use for additional is?
Supplementary
What are the 6 kinds of phrases according to use?
adjective phrase noun phrase adverb phrase.........
What is the thesis of James Q. Wilson's essay just take away their guns?
we should ban the use of illegal guns.
If you end a phrase with good luck do you use a exclamation mark?
Ending a phrase with the term 'good luck' does not require the use of an exclamation mark. The use of an exclamation mark is dependent on the meaning or tone of the sentence, not the use of any particular word or phrase. There are instances in which the use of an exclamation mark after the phrase 'good luck' may distort the intended meaning, such as, 'I have not had good luck'.
Which is the correct phrase every after use or after every use?
After every use.
What is the Latin phrase economists use that means all else equal?
ceteris paribus.
Which word do economists use for fairness?
Economists use the word equity for fairness
What is the meaning of the phrase butter face?
If someone has and attractive body but an ugly face they are a butter face. i.e. She's got a great body, butter face.
How do economist use the term guns or butter'?
Practical limits on spending. You have enough money to buy one or the other, but not both.
What careers use graphs?
economists and actuaries
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 does the Economic Concept of Guns or Butter mean?
The concept basically explains why the government prefer guns over "butter". Butter in this sense is the cilivan goods society needs. Take Britain for an example, the reason why they have one of the best ecomonies in the world is because they use more money on cilivan goods then defense because America is paying the defense (using what money we own from the national debt)
What does economic concept of guns or butter mean?
The concept basically explains why the government prefer guns over "butter". Butter in this sense is the cilivan goods society needs. Take Britain for an example, the reason why they have one of the best ecomonies in the world is because they use more money on cilivan goods then defense because America is paying the defense (using what money we own from the national debt)
What do Economists use price index to remove?
Collateral
The synonym economists commonly use for additional is?
Supplementary
What methods do economists use to predict business cycle?
SPENDING
Can miis use guns?
There are no guns in the mii channel and cannot use guns to kill.
