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The choice between guns (government spending the people's money on war) and butter (people spending their money on food) has been a watchword. Governments called on their people to make sacrifices in order to support the war effort, hence more guns and less butter.

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Q: Making more guns and less butter?
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Is it possible to have more guns and more butter simultaneously?

yes


How is production possibilities used to help allocate scarce resources?

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Which of the followingi a guns and butter decision?

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 does the Economic Concept of Guns or Butter mean?

The concept basically explains why the government prefer guns over "butter". Butter in this sense is the cilivan goods society needs. Take Britain for an example, the reason why they have one of the best ecomonies in the world is because they use more money on cilivan goods then defense because America is paying the defense (using what money we own from the national debt)


What does economic concept of guns or butter mean?

The concept basically explains why the government prefer guns over "butter". Butter in this sense is the cilivan goods society needs. Take Britain for an example, the reason why they have one of the best ecomonies in the world is because they use more money on cilivan goods then defense because America is paying the defense (using what money we own from the national debt)