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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.
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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)
The government of a country must make a decision between increasing military spending and subsidizing wheat farmers?
The government of a country must make a decision between increasing military spending and subsidizing wheat farmers, and this kind of decision is called "guns or butter" decision.
A decision between increasing military spending and subsidizing wheat farmers is what kind of decision?
A decision between increasing military spending and subsidizing wheat farmers is known as a "guns or butter" decision.
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
The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. This kind of decision is a?
The government of a country must make a decision between increasing military spending and subsidizing wheat farmers, and this kind of decision is called "guns or butter" decision.
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.
