Economics/ Free Enterprise

posted by .

What is "Guns or Butter"? Also what is a Production Possibilities curve? I'm a bit confused. Thank you so much whoever is answering this question (:

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    How does increasing or decreasing the quantity of capital goods produced this period affect next period's production possibilities curve and why?
  2. Economics

    How does increasing or decreasing the quantity of capital goods produced this period affect next period's production possibilities curve and why?
  3. economics

    The domestic economy's consumption possibilities curve can be greater than the domestic economy's production possibilities curve. Why is this true?
  4. Economics

    I picked C as the answer to this question but I am not sure?
  5. social studies

    Our economy ______ operates on its production possibility curve. A. always B. usually C. sometimes D. never I'm stuck between B and C. Here's the text: "Usually there's some economic slack, but every so often we do manage to operate …
  6. AP Economics

    Which economic question does the decision to produce butter instead of guns answer?
  7. econ

    Suppose the country of Maverick has specialized in the production of a good but has not yet entered into trade. At this point in time, Maverick has A. Moved to a level of production outside its production possibilities curve. B. Shifted …
  8. macroeconomics

    Referring to the table in question 10, suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Now assume that a technological …
  9. Survey of Economics

    How do you interpret the phrase there's no such thing as a free lunch and a free lunch is possible in term of the production possibilities curve?
  10. economic

    Draw a production possibilities curve for a hypothetical economy producing capital good and consumer goods. Suppose a major technological breakthrough occurs I the capital goods industry and the new technology is widely adopted only …

More Similar Questions