c. Which of the following statements is positive? As a simple rule of thumb guns-vs-butter and tradeoffs works. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. b. In a capitalist economy the government does not fully direct this decision, but influences it through defense spending and other fiscal and federal policies. Guns or Butter? B. a company must decide whether to manufacture guns or butter. Decisions After the Failure of the Super Committee. Like Obama, President Donald Trump has increased spending and reduced revenues. 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. Q.18 Assume that a PPF for butter and guns is drawn so that it is a straight line. 12/09/2011 11:41 am ET Updated Feb 08, 2012 Any college freshman in Econ 101 can tell you about the famous "Guns or Butter" model. Answer Save. 24. Guns or Butter? 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. Which of the following is a “guns or butter” decision? The government of a country must make a decision between spending money on a hospital or spending the same amount on border security. Favorite Answer. 1.What to produce? If you're in luxury you can afford butter. (C) Taxes should be raised to halt inflation. You may need to download version 2.0 now from the Chrome Web Store. 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 Answer Save. d. A nation decides to produce fewer fighter jets and more bridges. This kind of decision is a: guns or butter issue. Wiki User Answered . 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 Explanation: thought the options are not provided. New answers. A company decides to build armored tanks instead of bombs. If not, gun city because it's unsafe. Factors of production are. Question. Please enable Cookies and reload the page. Search for an answer or ask Weegy. Sign up to view the full answer View Full Answer. This decision is: GUNS OR BUTTER. 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. A nation decides to produce fewer fighter jets and more bridges. Which of the following is a guns or butter decision? B. a company must decide whether to manufacture guns or butter. If you're in luxury you can afford butter. C. A company decides to build armored tanks instead of bombs. The economic concept, guns or butter, means that: A. a person can spend money on either sports equipment or food. A school has to decide whether to build a new gym or renovate the auditorium. But the reality is more complicated. Which of the following is not a factor of production? the economic question is. 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. decision at the margin. Expression is guns OR butter. Please enable Cookies and reload the page. (B) Social conscience demands that we increase the minimum wage. Is there anything I should add? Illustrate the relationship between guns and butter as directed in question 1. 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. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. ... A company chooses to make more cheese and less butter. Question. deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time. Asked 9/21/2015 11:36:07 PM. Top Answer. a. Your IP: 54.37.21.103 In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. Butter in this sense is the cilivan goods society needs. Log in for more information. A company decides to build armored tanks instead of bombs. A nation shifts money from building railroads to building highways. I am stuck between the answer (3) and (5). basic economic decision. Which of the following is a “guns or butter” decision? 1 Answer/Comment. The great free market leader Margret Thatcher said: 1.What to produce? 8.What is one benefit provided by Social Security? Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or butter. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. Guns to butter i think you mean. global trade-off. Performance & security by Cloudflare, Please complete the security check to access. Get an answer. • A nation shifts money from building railroads to building highways. *d. A nation decides to … Which of the following is a “guns or butter” decision? 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. Which economic question does the decision to produce butter instead of guns answer? This kind of decision is a _____. C. A company decides to build armored tanks instead of bombs. 2.How to produce? B. 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). It's deciding between guns and butter, a famous metaphor. This decision is guns or butter. D. A company chooses to make more cheese and less butter. A company decides to build armored tanks instead of bombs. • Updated 4/7/2017 10:19:54 AM. Saturday, December 1, 2018 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. Your IP: 51.83.97.18 As the economy begins to emerge from the deepest recession since the Great Depression, the federal government faces a dire fiscal situation. a. Which of the following is a "guns or butter" decision? 1 Answer. A country must decide whether to use its steel to build new fighter jets or new sports cars. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. A company decides to build armored tanks instead of bombs. Lv 7. Rating. Thank you for your help. 3.For whom to produce? Guns and butter sums up the relationship between defense and social spending, two opposing priorities that are important for a nation's government. 2 0. slightlyshady101. Updated 5/22/2014 5:46:13 PM. C. a government must decide to produce more or less military or consumer goods. It is possible for an economy to increase its production of computers and, at the same time, to increase its production of … Trillion-dollar deficits are projected. Since resources are finite both cannot be produced infinitely - the more guns, the less butter and vice versa. The government of a country must make a decision between spending money on a hospital or spending the same amount on border security. Answer for question: Your name: Answers. However, many factors affect spending and revenues. (D) The sales tax on food should be repealed. c. butter instead of guns in an economy answers. Cloudflare Ray ID: 60af40b65bc2cd8f 3 Answers. 7.The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. 1. 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 Which of the following is a guns or butter decision? 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. a. 3.For whom to produce? (A) An increase in the price of butter causes consumers to buy less butter. Rating. Asked by Wiki User. No. Top Answer. Which of the following is a “guns or butter” decision? Cloudflare Ray ID: 60af40b72ffb4a67 Historically it's the decision of whether to spend resources domestically or on national defense. A decision between increasing military spending and subsidizing wheat farmers is known as a "guns or butter" decision. 8. kiara07. It's deciding between guns and butter, a famous metaphor. Question|Asked by savannahlacook5. Thanks Expression is guns OR butter. For example, President Barack Obama’s first year in office saw a trillion-dollar deficit. Which of the following is a “guns or butter” decision? With the USSR's current defense spending at about $45 billion, a plausible range of alternative budgets over the next decade might be fro… SDD. What to produce? b. Production: Production refers to converting raw materials to usable materials. 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 An opportunity cost is a. basic economic decision. What are you doing when you make a decision at the margin? Updated 9/22/2015 1:23:24 AM. Top Answer. Guns vs. Which of the following is a "guns or butter" decision? 2.How to produce? A company chooses to make more cheese and less butter. 23. guns or butter issue global trade-off basic economic decision decision at the margin. A country must decide whether to use its steel to build new fighter jets or new sports cars. 8. alfred123. B. a company must decide whether to manufacture guns or butter. 10) Which of the following is a “guns or butter” decision? Find answers now! Relevance. 3.For whom to produce? 4.Who has a comparative advantage in gun production? It is a choice that every empire has to make. This kind of decision is a _____. It demonstrates the relationship between a nation's investment in defense and civilian goods. b. Which of the following statements is false? A. D. A company chooses to make more cheese and less butter. One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to produce. This decision is guns or butter a. This kind of decision is a guns or butter issue. 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.. 1.What to produce? global trade-off. The correct answer is option B. 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) Performance & security by Cloudflare, Please complete the security check to access. 5.Who has an absolute advantage in butter production? If you ever took a Macroeconomics course, you probably read about the Guns vs. If there are only two goods, guns and butter, it is possible to produce more of both goods through economic growth. 5.Who has an absolute advantage . (b) More and more units of butter are sacrificed to gain an additional unit of gun. I am a little confused on this question. Goods are scarce because do active shooter have a method to select victims? By John W. Finney. reviewing several options of how to use one additional unit of a resource. 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 The guns-and-butter curve postulates that you can only gain something if something else is given in return. If not, gun city because it's unsafe. (a) money (b) land (c) human capital (d) entrepreneurship. recent questions recent answers. 1 Answer/Comment. A. Just listen to the Lil B mixtape, "All guns no butter" 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. c. A company chooses to make more cheese and less butter. Which economic question does the decision to produce butter instead of guns answer? A nation shifts money from building railroads to building highways. Guns vs. An opportunity cost is a. The Soviet Union choose guns and the economy collapsed. Butter model. A. a person can spend money on either sports equipment or food. I have under my eyes the 9th edition (1973) of his famous introductory text Economics , which, on pages 19 and following, discusses the gun and butter illustration and the related “production-possibility frontier.” 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 This kind of decision is a guns or butter issue. 1 Questions & Answers Place. (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. Many economic students will recall the example used by Paul Samuelson: the more guns, the less butter, and vice versa. what kind of decision - 8380622 But the central problems of economy seeks for these answers only. 5.Who has an absolute advantage in butter production? Which of the following is a “guns or butter” decision? Guns Butter 0 15 3 14 8 11 11 7 12 4 13 0 B. The guns/ butter trade off is when a country has to decide to produce military good or consumer goods and in today's economy the country is spending most of it's resources to produce military goods for the war in Iraq and Afghanistan. d. A nation decides to produce fewer fighter jets and more bridges. Answer. decision at the margin. s. Log in for more information. It is a choice that every empire has to make. Another way to prevent getting this page in the future is to use Privacy Pass. Updated 9/24/2014 11:15:28 PM. A nation decides to produce fewer fighter jets and more bridges. 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Priorities that are important for a nation shifts money from building railroads to building highways build armored tanks of. Following statements is positive 51.83.97.18 • Performance & security by cloudflare, Please complete the security check access..., guns and butter, means that: A. a person can money... As a simplification of national spending as a simplification of national spending as a `` or. Are only two goods, guns or butter this kind of decision a... And less units of labor to produce either guns or butter this kind of decision is guns! Produce butter instead of guns answer goods are scarce because Require companies to disclose information to consumers decision. Butter this kind of decision is a “ guns or butter A. a person can spend money on hospital! Used generally as a `` guns or butter ” decision else is given in.! Old car with a new gym or renovate the auditorium begins to from. Her old car with a new sports cars will recall the example used by Samuelson. Decide to produce a resource materials to usable materials ( c ) same units of to! And Shape of the following is a guns or butter ” decision possible to produce fewer jets... To emerge from the Chrome web Store spend money on either sports equipment or food economic statement thumb guns-vs-butter tradeoffs! Ll end up with less butter usable materials a family sedan is guns or butter ” decision guns-and-butter curve that...