Posted by CP on Wednesday, August 17, 2011 at 7:08pm.
The term "guns or butter" expresses the concept that a nation can choose whether to buy weapons for war or to provide for its own citizens.
Study these sites for information about a production possibilities curve.
http://en.wikipedia.org/wiki/Production-possibility_frontier
http://krypton.mnsu.edu/~renner/ppc.htm
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