The economic concept of guns or butter means that
A. a person can spend money on either sports equipment or food.
B. a company must decide whether to manufacture guns or butter.
C. a government must decide to produce more or less military or consumer goods.
D. a government can buy unlimited military and civilian goods if it is rich enough.
I absolutely have no idea...please help.
Guns are military equipment. Butter is food. Does a government have to make a choice between the two, or can it do both, have an expensive military AND support the poor?
Note that the question's phrase is guns OR butter, not guns AND butter.
They should be able to do both....especially since all people need food, and we need guns for protection....right?
So.....B?
Not B.
Okay...hmmm let me read this more carefully
Yes, C is right.
Awesome! Thanks for helping me out!
You're welcome.
No problem! The economic concept of "guns or butter" refers to a situation where a government, due to limited resources, needs to make a choice between allocating more resources towards military production (guns) or consumer goods (butter). This concept is often used to illustrate the trade-off between investing in defense and investing in civilian sectors of the economy.
To find the correct answer, let's break down the options:
A. a person can spend money on either sports equipment or food.
This option does not relate to the concept of "guns or butter" since it refers to an individual's choice between two different types of goods.
B. a company must decide whether to manufacture guns or butter.
This option also does not directly refer to the concept of "guns or butter" as it focuses on a company's decision, rather than a government's.
C. a government must decide to produce more or less military or consumer goods.
This option accurately reflects the concept of "guns or butter." It states that a government must decide how to allocate its limited resources between military (guns) and consumer goods (butter).
D. a government can buy unlimited military and civilian goods if it is rich enough.
This option goes against the concept of "guns or butter" because it suggests that a government can purchase an unlimited quantity of both military and civilian goods, regardless of its resources.
Therefore, the correct answer is C. a government must decide to produce more or less military or consumer goods.