guns or butter

Popular Terms
A classic model of the production possibility curve by using the relationship between "guns", or military spending, and "butter", or food supplies, in a nation's expenditures, in order to demonstrate that the increase of one relies on the decrease of the other.

Use 'guns or butter' in a Sentence

When World War II was in full force, the U.S. had to take a look at the balance of guns or butter in the economy and opt toward the side of more military production.
18 people found this helpful
The government constantly has to pick between guns or butter; although the American people think they want butter, they normally end up with guns.
15 people found this helpful
After the pacifist takeover, they stopped teaching 'guns or butter' models and now use a more friendly 'owwy hurt sticks and gluten free non-animal produced dairy equivalent spread' possibility curve to demonstrate market relationships.
14 people found this helpful




Email Print Embed