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What else can I help you with?
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.
Making more guns and less butter?
The choice between guns (government spending the people's money on war) and butter (people spending their money on food) has been a watchword. Governments called on their people to make sacrifices in order to support the war effort, hence more guns and less butter.
Why do opportunity cost increase as you make more and more butter and fewer guns?
As you produce more butter and fewer guns, the opportunity cost increases due to the principle of diminishing returns. Resources are not perfectly adaptable; as you shift production, the factors of production (like labor and materials) become less efficient when allocated to butter instead of guns. Thus, the more butter you produce, the greater the amount of guns you have to forgo, resulting in higher opportunity costs. This trade-off reflects the increasing sacrifice of gun production for each additional unit of butter.
Is it possible to have diabetes and UTI simultaneously?
Not only is it possible, people with diabetes are more suseptable to UTIs.
Which of the followingi a guns and butter decision?
In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for choices between defense and civilian spending in more complex economies. The nation will have to decide which balance of guns versus butter best fulfills its needs, with its choice being partly influenced by the military spending and military stance of potential opponents.
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)
How do you play chords on guitar?
Chords on the guitar are played by using your pick to play two notes or more simultaneously. The notes could be any notes that are possible to play on the guitar as long as they are played simultaneously.
What is more fattening butter or salt?
butter
How do you tell your boss to pay you more?
Just ask him if there is anyway or if it is possible to get a raise. Make sure you butter him up a little first.
Is it possible to simultaneously read and listen to a text on a tablet?
Yes it is possible. Leave it to me to try it but nothing is impossible to me. Because if you think you can do it it makes it much more easy than before try it one day it helps.
Cheese or butter is more fatty?
Butter has more fat than cheese.
