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In part, it says, guns before butter meaning the strain placed on consumer products and social welfare projects by a nation that must place a higher priority on war supplies. An example of guns and butter is Denmark taking care of their people, rather than being involved in war. Guns-and-butter meaning The definition of guns and butter is an economic policy decision of whether a country is more interested in spending money on war or feeding their people. … Times of war can have a substantial effect on a country’s economy and its societal progression. Both areas can be critically important to a nation’s economy. Guns and butter generally refers to the dynamics involved in a federal government’s allocations to defense versus social programs when deciding on a budget. What does the phrase guns and butter mean?

What are the three basic economic questions?.

Why the nation can’t produce both 3 guns and 4 Butters?.

Does a country have to choose between guns or butter?.

What are the main assumptions of economics?.

What are the two most important assumptions in all of economics?.

Why do economists say there is no such thing as a free lunch?.

Why do opportunity cost increase as you make more and more butter and fewer guns?.

When increasing opportunity costs exist resources are not perfectly substitutable for each other?.

Why can’t the United States spend an infinite amount on consumer goods and weapons?.

What does it mean to think at the margin?.

What are guns or butter decisions and who has to make them?.

What is the most desirable alternative given up?.

Which would be an example of an opportunity cost?.

What is the guns versus butter debate quizlet?.

What does the phrase guns and butter mean quizlet?.

Where does the term guns and butter come from?.

Why does every decision involve trade-offs?.

What is opportunity cost in everyday life?.

How does the phrase guns or butter show the idea of trade-offs?.

At which point is the opportunity cost of butter lowest?.

Can this economy produce 11 units of guns and 11 units of butter?.

What are the 5 key economic assumptions?.

Why Economists use the phrase guns or butter?.

What does the phrase guns and butter mean?.