Explain why scarcity exists in this economy. Top Answer. Goods are scarce because This kind of decision is a: guns or butter issue. cost/benefit analysis a decision-making process in which you compare what you will sacrifice and gain by a specific action guns or butter the idea that a country that decides to produce more military goods has fewer resources to produce consumer goods and vice versa marginal benefit the extra benefit of adding one unit marginal cost Updated 9/22/2015 1:23:24 AM. A company decides to build armored tanks instead of bombs. Asked 9/21/2015 11:36:07 PM. Expression is guns OR butter. I am stuck between the answer (3) and (5). In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. (B) Social conscience demands that we increase the minimum wage. Which of the following is a “guns or butter” decision? Wiki User Answered . 1.What to produce? 8.What is one benefit provided by Social Security? Another way to prevent getting this page in the future is to use Privacy Pass. Q.18 Assume that a PPF for butter and guns is drawn so that it is a straight line. a. The great free market leader Margret Thatcher said: No. Free e-mail watchdog. When you are thinking on the margin, the factor that should most influence your decision is most closely described by which of the following terms _____ a. marginal cost b. opportunity cost c. the “guns or butter” theory d. marginal opportunity benefits math question made a mistake an put history However, many factors affect spending and revenues. Asked 12/6/2012 11:46:27 AM. 5.Who has an absolute advantage . Butter is an economic phrases that represents is a simplification of the economic tradeoff between prosperity at home, focus on the family vs. military expansionism. s. Log in for more information. b. b. The game is a simulation of macroeconomics in which the player attempts to improve the economy of their country in an effort to outproduce the computer players. 1 Questions & Answers Place. 10) Which of the following is a “guns or butter” decision? Ivan Gryffenberg, Jean L. Lausberg, Willem J. Smit, Stephanus Uys, Sally Botha, F. Rauten Hofmeyr, Ruppert P. Nicolay, Willie L. van der Merwe, Gysbert J. Wessels With the USSR's current defense spending at about $45 billion, a plausible range of alternative budgets over the next decade might be fro… If there are only two goods, guns and butter, it is possible to produce more of both goods if the economy is currently operating at a productive inefficient point. Your IP: 54.37.21.103 Please enable Cookies and reload the page. Which of the following economic questions does the decision to produce. Decisions After the Failure of the Super Committee. (D) The sales tax on food should be repealed. Question: The economic concept, guns or butter, means that: A. a person can spend money on either sports equipment or food. a. 4.Who has a comparative advantage in gun production? 7.The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. Updated 9/24/2014 11:15:28 PM. In the long term, if you keep making more and more guns you’ll end up with less butter. (A) An economy that produces more butter than guns is better off than an economy that produces more guns than butter (B) Nations should concentrate their resources on producing wholesome consumer goods as opposed to the weapons of war (C) The production possibilities frontier is concave to the origin because of the law of increasing costs. Which of the following is a guns or butter decision? deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time. principles of macroeconomics. You may need to download version 2.0 now from the Chrome Web Store. Many economic students will recall the example used by Paul Samuelson: the more guns, the less butter, and vice versa. b. It is a choice that every empire has to make. Guns and butter sums up the relationship between defense and social spending, two opposing priorities that are important for a nation's government. 1 Answer/Comment. 1. 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) Use the data as evidence of your reasoning. Question: Use The Following To Answer Questions 35-37: Figure: Guns And Butter Guns (per Period) Production Possibility Frontier 4 8 12 16 18 20 Butter (per Period) 35. Cloudflare Ray ID: 60af40b72ffb4a67 3.For whom to produce? A simplified version of a country's spending choices, it lays out the costs and benefits of investing in "guns" (defense), or "butter" (civilian goods). 8. alfred123. 9. Find answers now! If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Question. Like Obama, President Donald Trump has increased spending and reduced revenues. What does guns and butter mean? Guns or Butter? I am stuck between the answer (3) and (5). global trade-off. 1 Answer. A nation shifts money from building railroads to building highways. what are guns or butter decisions? 9. guns or butter issue global trade-off basic economic decision decision at the margin The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. Question|Asked by savannahlacook5. Thanks A school has to decide whether to build a new gym or renovate the auditorium. Which of the following is a "Guns or butter" decision A) a man must decide whether to install an alarm system in his house or buy new furniture for the living room B) A woman has to decide whether to replace her old car with a new sports car or a family sedan A man must decide whether to install an alarm system in his house or buy new furniture for the living room. Get an answer. Updated 5/22/2014 5:46:13 PM. You may need to download version 2.0 now from the Chrome Web Store. A nation decides to produce fewer fighter jets and more bridges. A nation shifts money from building railroads to building highways. The curve shows that in an economy … Military planning today requires some notion of the possible size and structure of the enemy's forces ten years from now and of its economic capability to support them. Expression is guns OR butter. A school has to decide whether to build a new gym or renovate the auditorium. If not, gun city because it's unsafe. what kind of decision - 8380622 23. d. A nation decides to produce fewer fighter jets and more bridges. B. a company must decide whether to manufacture guns or butter. A nation decides to produce fewer fighter jets and more bridges. If you're in luxury you can afford butter. Top Answer. Please enable Cookies and reload the page. (A) An increase in the price of butter causes consumers to buy less butter. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. But the reality is more complicated. This kind of decision is a guns or butter issue. A nation decides to produce fewer fighter jets and more bridges. Rating. The Soviet Union choose guns and the economy collapsed. decision at the margin. 24. recent questions recent answers. b. A nation decides to produce fewer fighter jets and more bridges. It is possible for an economy to increase its production of computers and, at the same time, to increase its production of … For example, President Barack Obama’s first year in office saw a trillion-dollar deficit. If not, gun city because it's unsafe. According to the Office of Management & Budget, federal deficits from 2001 to 2017 peaked in 2009, hit a low point in 2015, and are going straight back up. 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) (C) Taxes should be raised to halt inflation. (a) money (b) land (c) human capital (d) entrepreneurship. A decision between increasing military spending and subsidizing wheat farmers is known as a "guns or butter" decision. Expression is guns OR butter. Search for an answer or ask Weegy. Asked 1/13/2015 6:34:52 AM. c. The government of a country must make a decision between increasing military spending and subsidizing farmers, this kind of decision is a guns or butter issue The opportunity cost of a decision can be examined by using a By John W. Finney. Log in for more information. Suppose one were speculating about the size of Soviet defense outlays through 1975, necessarily making assumptions about many things such as technological breakthroughs and the shifting winds of coexistence. Answer this question. 3 Answers. The definition of guns and butter is an economic policy decision of whether a country is more interested in spending money on war or feeding their people. • 8. kiara07. Butter model. The Soviet Union choose guns and the economy collapsed. Tweet. The recent failure of the not-so-super committee, which triggered a $1.2 Trillion guillotine to the 2012 budget, has forced us into a classic guns vs. butter … Top Answer. Require companies to disclose information to consumers. (b) More and more units of butter are sacrificed to gain an additional unit of gun. Which one of the following is a positive economic statement? Which of the following is a "guns or butter" decision? A country must decide whether to use its steel to build new fighter jets or new sports cars. What to produce? If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. New answers. do active shooter have a method to select victims? Guns or Butter: It’s Time to Be Honest about Which Is Driving Federal Debt Defense spending isn't the major debt driver today, and it likely won’t be in the near future. D. a government can buy unlimited military … This kind of decision is a guns or butter issue. Which of the following is a “guns or butter” decision? Question. Relevance. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. May 24, 2010 Todd Harrison Resources: Budget & Resources. reviewing several options of how to use one additional unit of a resource. Cloudflare Ray ID: 60af40b65bc2cd8f When you are thinking on the margin, the factor that should most influence your decision is most closely described by which of the following terms _____ a. marginal cost b. opportunity cost c. the “guns or butter” theory d. marginal opportunity benefits 3.For whom to produce? Spending more than the government takes in is the literal reason for an annual deficit. B. a company must decide whether to manufacture guns or butter. What are guns and butter decisions? Thank you for your help. Which of the following is a “guns or butter” decision? A company chooses to make more cheese and less butter. A company decides to build armored tanks instead of bombs. Performance & security by Cloudflare, Please complete the security check to access. Answer Save. The government of a country must make a decision between spending money on a hospital or spending the same amount on border security. 2 0. slightlyshady101. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. Which of the following is a “guns or butter” decision? decision at the margin. Production: Production refers to converting raw materials to usable materials. If there are only two goods, guns and butter, it is possible to produce more of both goods through economic growth. D. A company chooses to make more cheese and less butter. Just listen to the Lil B mixtape, "All guns no butter" Which of the following is not a factor of production? Explanation: thought the options are not provided. (c) Same units of butter are sacrificed to gain an additional unit of gun. Which economic question does the decision to produce butter instead of guns answer? Search for an answer or ask Weegy. A. a person can spend money on either sports equipment or food. A. A nation shifts money from building railroads to building highways. Get an answer. A company decides to build armored tanks instead of bombs. 2.How to produce? Which economic question does the decision to produce butter instead of guns answer? • Illustrate the relationship between guns and butter as directed in question 1. Updated 4/7/2017 10:19:54 AM. An example of guns and butter is Denmark taking … basic economic decision. The Global Dilemma: Guns or Butter is a 1990 video game written by Chris Crawford and published by Mindscape.It was originally released on the Macintosh, and then the IBM PC.. With the economy improving and doing well (low unemployment, strong investment, improved foreign trade) the question of ‘Guns or Butter’ began to haunt Germany in 1936. 5.Who has an absolute advantage in butter production? Wikipedia refers to the discussion in the following terms: In macroeconomics, the guns versus butter model is an example of a simple production possibility frontier. Guns Butter 0 15 3 14 8 11 11 7 12 4 13 0 A nation shifts money from building railroads to building highways. One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to produce. In a capitalist economy the government does not fully direct this decision, but influences it through defense spending and other fiscal and federal policies. If you're in luxury you can afford butter. c. D. A company chooses to make more cheese and less butter. Answer. Which of the following is a “guns or butter” decision? A nation shifts money from building railroads to building highways. Which of the following is a “guns or butter” decision? Which of the following is a “guns or butter” decision? Historically it's the decision of whether to spend resources domestically or on national defense. Which of the following is a guns or butter decision? Guns and butter generally refers to the dynamics involved in a federal government’s allocations to defense versus social programs when deciding on a budget. *d. A nation decides to … 9 years ago . 1.What to produce? The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. Factors of production are. Favorite Answer. a. Since resources are finite both cannot be produced infinitely - the more guns, the less butter and vice versa. Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or butter. A company decides to build armored tanks instead of bombs. 4.Who has a comparative advantage in gun production? the economic question is. C. A company decides to build armored tanks instead of bombs. 2013-02-01 15:22:12 2013-02-01 15:22:12. It means: (a) Less and less units of butter are sacrificed to gain an additional unit of gun. Guns or Butter: Decision Support for Determining the Size and Shape of the South African National Defense Force. Another way to prevent getting this page in the future is to use Privacy Pass. (Figure: Guns And Butter) Look At The Figure Guns And Butter. c. A company chooses to make more cheese and less butter. The government of a country must make a decision between spending money on a hospital or spending the same amount on border security. A country must decide whether to use its steel to build new fighter jets or new sports cars. 3.For whom to produce? 1 Answer/Comment. Relevance. Guns vs. This decision is guns or butter. An opportunity cost is a. Use the following data to draw a production possibilities frontier (PPF) on the grid shown. A nation shifts money from building railroads to building highways. Which of the following is a “guns or butter” decision? • It's deciding between guns and butter, a famous metaphor. 9 years ago. An opportunity cost is a. A. B. a company must decide whether to manufacture guns or butter. 1.What to produce? Asked 5/22/2014 4:45:26 PM. When you are thinking on the margin, the factor that should most influence your decision is most closely described by which of the following terms _____ a. marginal cost b. opportunity cost c. the “guns or butter” theory d. marginal opportunity benefits New answers. Which of the following is a “guns or butter” decision? Guns or Butter? The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. guns or butter issue global trade-off basic economic decision decision at the margin. B. Log in for more information. A Guns‐or‐Butter Decision for Congress. Lv 7. • a. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. Is there anything I should add? 8. This kind of decision is a _____. 8.What is one benefit provided by Social Security? a. Rating. global trade-off. Sign up to view the full answer View Full Answer. A country must decide whether to use its steel to build new fighter jets or new sports cars. A simplified version of a country's spending choices, it lays out the costs and benefits of investing in "guns" (defense), or "butter" (civilian goods). ) an increase in the price of butter are sacrificed to gain additional. Straight line c. a company must decide whether to use one additional unit of gun full view. Generally as a simplification of national spending as a `` guns or butter '' decision recall the example used Paul! 'S investment in defense and Social spending, two opposing priorities that are important for a nation decides to armored... 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