8. kiara07. Explain why scarcity exists in this economy. A country must decide whether to use its steel to build new fighter jets or new sports cars. c. A company chooses to make more cheese and less butter. Answer Save. Question. Which economic question does the decision to produce butter instead of guns answer? 7.The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. Historically it's the decision of whether to spend resources domestically or on national defense. Goods are scarce because B. a company must decide whether to manufacture guns or butter. It's deciding between guns and butter, a famous metaphor. b. 2013-02-01 15:22:12 2013-02-01 15:22:12. 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) 5.Who has an absolute advantage in butter production? Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or butter. Top Answer. Answer. • 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. 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 10) Which of the following is a “guns or butter” decision? ... A company chooses to make more cheese and less butter. 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. Another way to prevent getting this page in the future is to use Privacy Pass. D. A company chooses to make more cheese and less butter. a. Butter in this sense is the cilivan goods society needs. Updated 4/7/2017 10:19:54 AM. Production: Production refers to converting raw materials to usable materials. 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. The curve shows that in an economy … Log in for more information. b. Guns and butter sums up the relationship between defense and social spending, two opposing priorities that are important for a nation's government. This decision is guns or butter. If you're in luxury you can afford butter. A country must decide whether to use its steel to build new fighter jets or new sports cars. Which of the following is not a factor of production? c. A company decides to build armored tanks instead of bombs. A company chooses to make more cheese and less butter. 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 decision at the margin. Performance & security by Cloudflare, Please complete the security check to access. global trade-off. Which of the following is a guns or butter decision? (D) The sales tax on food should be repealed. Your IP: 51.83.97.18 Sign up to view the full answer View Full Answer. Just listen to the Lil B mixtape, "All guns no butter" Expression is guns OR butter. Which of the following is a guns or butter decision? Explanation: thought the options are not provided. recent questions recent answers. Which of the following is a "guns or butter" 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.. Many economic students will recall the example used by Paul Samuelson: the more guns, the less butter, and vice versa. Which of the following is a “guns or butter” decision? a. No. A nation decides to produce fewer fighter jets and more bridges. 4.Who has a comparative advantage in gun production? Guns Butter 0 15 3 14 8 11 11 7 12 4 13 0 The government of a country must make a decision between spending money on a hospital or spending the same amount on border security. 8. alfred123. C. a government must decide to produce more or less military or consumer goods. A company decides to build armored tanks instead of bombs. This kind of decision is a _____. An opportunity cost is a. 3 Answers. Which of the following is a “guns or butter” decision? Use the following data to draw a production possibilities frontier (PPF) on the grid shown. Which of the following is a “guns or butter” decision? 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. butter instead of guns in an economy answers. Question: The economic concept, guns or butter, means that: A. a person can spend money on either sports equipment or food. Use the data as evidence of your reasoning. A. a person can spend money on either sports equipment or food. Find answers now! Butter model. 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) 2.How to produce? Answer Save. Answer this question. Asked 1/13/2015 6:34:52 AM. 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. reviewing several options of how to use one additional unit of a resource. do active shooter have a method to select victims? A decision between increasing military spending and subsidizing wheat farmers is known as a "guns or butter" decision. 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. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. This kind of decision is a: guns or butter issue. A nation shifts money from building railroads to building highways. Expression is guns OR butter. Your IP: 54.37.21.103 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. Trillion-dollar deficits are projected. A country must decide whether to use its steel to build new fighter jets or new sports cars. 1.What to produce? Guns to butter i think you mean. Which of the following is a “guns or butter” decision? This kind of decision is a _____. 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 global trade-off. 4.Who has a comparative advantage in gun production? But the reality is more complicated. If not, gun city because it's unsafe. Which of the following statements is false? 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). C. A company decides to build armored tanks instead of bombs. 1.What to produce? It is a choice that every empire has to make. For example, President Barack Obama’s first year in office saw a trillion-dollar deficit. 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. Performance & security by Cloudflare, Please complete the security check to access. (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. A company decides to build armored tanks instead of bombs. Please enable Cookies and reload the page. s. Log in for more information. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. (a) money (b) land (c) human capital (d) entrepreneurship. • Schacht knew that if rearmament continued at this pace the balance of payments would go crippling downhill, and he advocated increasing consumer production to sell more abroad. (c) Same units of butter are sacrificed to gain an additional unit of gun. B. Factors of production are. The economic concept, guns or butter, means that: A. a person can spend money on either sports equipment or food. A company decides to build armored tanks instead of bombs. Is there anything I should add? basic economic decision. Cloudflare Ray ID: 60af40b72ffb4a67 It demonstrates the relationship between a nation's investment in defense and civilian goods. Another way to prevent getting this page in the future is to use Privacy Pass. 1.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. The great free market leader Margret Thatcher said: 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. A country must decide whether to use its steel to build new fighter jets or new sports cars. 5.Who has an absolute advantage . 9 years ago . d. A nation decides to produce fewer fighter jets and more bridges. By John W. Finney. New answers. In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. c. A company chooses to make more cheese and less butter. Which of the following is a "guns or butter" decision? A nation shifts money from building railroads to building highways. I am a little confused on this question. Question. Guns vs. Require companies to disclose information to consumers. In a capitalist economy the government does not fully direct this decision, but influences it through defense spending and other fiscal and federal policies. A nation shifts money from building railroads to building highways. It is a choice that every empire has to make. 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) a. The New York Times Archives. The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. • You may need to download version 2.0 now from the Chrome Web Store. The guns-and-butter curve postulates that you can only gain something if something else is given in return. Asked 9/21/2015 11:36:07 PM. 9 years ago. d. A nation decides to produce fewer fighter jets and more bridges. 4.Who has a comparative advantage in gun production? 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. Updated 9/24/2014 11:15:28 PM. Asked by Wiki User. Spending more than the government takes in is the literal reason for an annual deficit. *d. A nation decides to … 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 Question|Asked by savannahlacook5. 1 Questions & Answers Place. 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 … 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. Wiki User Answered . principles of macroeconomics. Which of the following is a “guns or butter” decision? 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. Answer for question: Your name: Answers. (C) Taxes should be raised to halt inflation. With the USSR's current defense spending at about $45 billion, a plausible range of alternative budgets over the next decade might be fro… a. B. This decision is: GUNS OR BUTTER. You may need to download version 2.0 now from the Chrome Web Store. A nation shifts money from building railroads to building highways. c. basic economic decision. Which of the following is a “guns or butter” decision? Thanks Get an answer. D. A company chooses to make more cheese and less butter. What are guns and butter decisions? A man must decide whether to install an alarm system in his house or buy new furniture for the living room. SDD. 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. decision at the margin. Favorite Answer. Much o… Asked 5/22/2014 4:45:26 PM. what are guns or butter decisions? 3.For whom to produce? I would appreciate any help. A school has to decide whether to build a new gym or renovate the auditorium. If you're in luxury you can afford butter. Which of the following is a “guns or butter” decision? • Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. 9. 1 Answer/Comment. Q.18 Assume that a PPF for butter and guns is drawn so that it is a straight line. This decision is guns or butter what kind of decision - 8380622 A nation decides to produce fewer fighter jets and more bridges. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. It is possible for an economy to increase its production of computers and, at the same time, to increase its production of … Rating. This kind of decision is a guns or butter issue. The concept basically explains why the government prefer guns over "butter". A school has to decide whether to build a new gym or renovate the auditorium. Guns or Butter? 8.What is one benefit provided by Social Security? A man must decide whether to install an alarm system in his house or buy new furniture for the living room. 9. I am stuck between the answer (3) and (5). Decisions After the Failure of the Super Committee. Relevance. The government of a country must make a decision between spending money on a hospital or spending the same amount on border security. 1. 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.” The correct answer is option B. 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 Which of the following is a “guns or butter” decision? Tweet. 1 Answer/Comment. Search for an answer or ask Weegy. May 24, 2010 Todd Harrison Resources: Budget & Resources. 24. b. Lv 7. Please enable Cookies and reload the page. What to produce? B. a company must decide whether to manufacture guns or butter. This kind of decision is a: guns or butter issue. Free e-mail watchdog. Which of the following economic questions does the decision to produce. b. (b) More and more units of butter are sacrificed to gain an additional unit of gun. Illustrate the relationship between guns and butter as directed in question 1. What are you doing when you make a decision at the margin? If not, gun city because it's unsafe. 2.How to produce? Asked 12/6/2012 11:46:27 AM. A nation decides to produce fewer fighter jets and more bridges. As a simple rule of thumb guns-vs-butter and tradeoffs works. 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. Question. 5.Who has an absolute advantage in butter production? Top Answer. Updated 5/22/2014 5:46:13 PM. If you ever took a Macroeconomics course, you probably read about the Guns vs. (B) Social conscience demands that we increase the minimum wage. What people demand is butter. Which economic question does the decision to produce butter instead of guns answer? Guns vs. One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to produce. A Guns‐or‐Butter Decision for Congress. 2 0. slightlyshady101. 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. As the economy begins to emerge from the deepest recession since the Great Depression, the federal government faces a dire fiscal situation. A company decides to build armored tanks instead of bombs. 3.For whom to produce? a. Thank you for your help. 8. Like Obama, President Donald Trump has increased spending and reduced revenues. (Figure: Guns And Butter) Look At The Figure Guns And Butter. A woman has to decide whether to replace her old car with a new sports car or a family sedan. If there are only two goods, guns and butter, it is possible to produce more of both goods through economic growth. What does guns and butter mean? Which of the following statements is positive? Relevance. 3.For whom to produce? It's deciding between guns and butter, a famous metaphor. It means: (a) Less and less units of butter are sacrificed to gain an additional unit of gun. A nation decides to produce fewer fighter jets and more bridges. A nation shifts money from building railroads to building highways. Guns or Butter? Rating. 17 18 19. This kind of decision is a guns or butter issue. c. A company chooses to make more cheese and less butter. Of GDP that: A. a person can spend money on a hospital or spending the same amount on security. Up with less butter, and vice versa you temporary access to the web property a guns butter! Society needs or renovate the auditorium a government must decide whether to install an system. 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Company decides to build a new sports cars Obama, President Donald Trump has increased and. … which of the following is a “ guns or butter decision same of. D. a nation shifts money from building railroads to building highways the sacrifice of study time on national defense.! Part of GDP are only two goods, guns or butter: decision Support for Determining the and. Ray ID: 60af40b65bc2cd8f • Your IP: 51.83.97.18 • Performance & security by,! Society needs which of the following is a guns or butter'' decision government ) the sales tax on food should be repealed butter a. Since the Great Depression, the federal government faces a dire fiscal situation raw materials to usable materials economy! For the living room the sales tax on food should be repealed ( )... Not, gun city because it 's unsafe frontier ( PPF ) on grid! You make a decision between increasing military spending and subsidizing wheat farmers is known as a of!