Economics: What are the potential tradeoffs and opportunity costs in a country if you choose to spend more on guns than on butte

Question

Angelina_Jolie [31]

3 years ago

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Economics: What are the potential tradeoffs and opportunity costs in a country if you choose to spend more on guns than on butte

r?

Social Studies

1 answer:

lisov135 [29] · Answer 1 · 2022-02-07T23:10:32+03:00

Answer:

The meaning of guns and butter is an economic policy choice of whether a nation is increasingly keen on burning through cash on war or taking care of its people.

trade-off: If you put more cash toward weapons then you are surrendering another advantage which is a trade-off.

opportunity costs: As an economy delivers more weapons (military spending) it must diminish its creation of bread and butter (food), and the other way around.