Relevance. 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. An opportunity cost is a. Which of the following is not a factor of production? Which of the following is a “guns or butter” decision? Answer Save. Which of the following economic questions does the decision to produce. basic economic decision. A decision between increasing military spending and subsidizing wheat farmers is known as a "guns or butter" decision. 1.What to produce? 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. Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or butter. Search for an answer or ask Weegy. It's deciding between guns and butter, a famous metaphor. It is possible for an economy to increase its production of computers and, at the same time, to increase its production of … 7.The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. d. A nation decides to produce fewer fighter jets and more bridges. An opportunity cost is a. Since resources are finite both cannot be produced infinitely - the more guns, the less butter and vice versa. A nation shifts money from building railroads to building highways. For example, President Barack Obama’s first year in office saw a trillion-dollar deficit. do active shooter have a method to select victims? In a capitalist economy the government does not fully direct this decision, but influences it through defense spending and other fiscal and federal policies. B. a company must decide whether to manufacture guns or butter. Get an answer. b. Thank you for your help. (Figure: Guns And Butter) Look At The Figure Guns And Butter. What people demand is butter. Favorite Answer. global trade-off. Just listen to the Lil B mixtape, "All guns no butter" D. A company chooses to make more cheese and less butter. An example of guns and butter is Denmark taking … 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. One example of thinking at the margin is. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. This decision is guns or butter. 3 Answers. 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. c. A company chooses to make more cheese and less butter. what kind of decision - 8380622 Question. Top Answer. Which of the following is a "guns or butter" decision? Which of the following statements is false? Log in for more information. guns or butter issue global trade-off basic economic decision decision at the margin. 2.How to produce? Guns or Butter? Log in for more information. Asked by Wiki User. A nation decides to produce fewer fighter jets and more bridges. Guns vs. 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 But the reality is more complicated. 9 years ago. Question: The economic concept, guns or butter, means that: A. a person can spend money on either sports equipment or food. 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) Spending more than the government takes in is the literal reason for an annual deficit. 1.What to produce? Factors of production are. A school has to decide whether to build a new gym or renovate the auditorium. (C) Taxes should be raised to halt inflation. D. a government can buy unlimited military … One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to produce. Free e-mail watchdog. 5.Who has an absolute advantage in butter production? s. Log in for more information. 1. 2.How to produce? Like Obama, President Donald Trump has increased spending and reduced revenues. 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 Question. If you ever took a Macroeconomics course, you probably read about the Guns vs. c. A company chooses to make more cheese and less butter. Saturday, December 1, 2018 New answers. Expression is guns OR butter. 2013-02-01 15:22:12 2013-02-01 15:22:12. (b) More and more units of butter are sacrificed to gain an additional unit of gun. The concept basically explains why the government prefer guns over "butter". Much o… Explanation: thought the options are not provided. May 24, 2010 Todd Harrison Resources: Budget & Resources. What to produce? what are guns or butter decisions? B. a company must decide whether to manufacture guns or butter. If not, gun city because it's unsafe. What are you doing when you make a decision at the margin? 17 18 19. 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 5.Who has an absolute advantage in butter production? If you're in luxury you can afford butter. In the long term, if you keep making more and more guns you’ll end up with less butter. A nation shifts money from building railroads to building highways. a. 1 Answer/Comment. 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). 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 It means: (a) Less and less units of butter are sacrificed to gain an additional unit of gun. Guns vs. 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. (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 school has to decide whether to build a new gym or renovate the auditorium. The great free market leader Margret Thatcher said: decision at the margin. b. Guns and butter sums up the relationship between defense and social spending, two opposing priorities that are important for a nation's government. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. Asked 5/22/2014 4:45:26 PM. c. Asked 12/6/2012 11:46:27 AM. Guns or Butter? 1.What to produce? b. Top Answer. 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. Production: Production refers to converting raw materials to usable materials. B. Use the following data to draw a production possibilities frontier (PPF) on the grid shown. Question. A man must decide whether to install an alarm system in his house or buy new furniture for the living room. Performance & security by Cloudflare, Please complete the security check to access. 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. 1 Questions & Answers Place. A woman has to decide whether to replace her old car with a new sports car or a family sedan. 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. The government of a country must make a decision between increasing military spending and subsidizing wheat farmers. Which of the following is a “guns or butter” decision? A school has to decide whether to build a new gym or renovate the auditorium. A company decides to build armored tanks instead of bombs. I am a little confused on this question. A nation decides to produce fewer fighter jets and more bridges. The New York Times Archives. 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. What are guns and butter decisions? Cloudflare Ray ID: 60af40b72ffb4a67 Wiki User Answered . • (D) The sales tax on food should be repealed. 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. “guns or butter” because scarcity mandates that we choose how we use available resources. 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. A. a person can spend money on either sports equipment or food. 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.. What does guns and butter mean? Cloudflare Ray ID: 60af40b65bc2cd8f Illustrate the relationship between guns and butter as directed in question 1. 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. basic economic decision. A nation decides to produce fewer fighter jets and more bridges. 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. 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. 23. This decision is: GUNS OR BUTTER. But the central problems of economy seeks for these answers only. 8.What is one benefit provided by Social Security? the economic question is. A nation decides to produce fewer fighter jets and more bridges. Which of the following is a “guns or butter” decision? It's deciding between guns and butter, a famous metaphor. This kind of decision is a: guns or butter issue. • Which of the following is a guns or butter decision? s. Log in for more information. Please enable Cookies and reload the page. 9. A nation shifts money from building railroads to building highways. C. a government must decide to produce more or less military or consumer goods. B. a company must decide whether to manufacture guns or butter. (A) An increase in the price of butter causes consumers to buy less butter. Find answers now! A company chooses to make more cheese and less butter. In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. *d. A nation decides to … Guns or Butter: Decision Support for Determining the Size and Shape of the South African National Defense Force. I would appreciate any help. 4.Who has a comparative advantage in gun production? Require companies to disclose information to consumers. butter instead of guns in an economy answers. A nation shifts money from building railroads to building highways. If you're in luxury you can afford butter. Lv 7. 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. Expression is guns OR butter. Butter in this sense is the cilivan goods society needs. Trillion-dollar deficits are projected. 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. • Which economic question does the decision to produce butter instead of guns answer? This kind of decision is a _____. Updated 5/22/2014 5:46:13 PM. 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.