Guns and butter are used to represent the classic societal tradeoff between spending on which two items?
A)durable and nondurable goods
B)imports and exports
C)national defense and consumer goods
D)law enforcement and agriculture

Question

Quizplus · Accepted Answer

Guns represent spending on national defense, while butter represents spending on consumer goods. This tradeoff is often illustrated in macroeconomics to show that a country cannot have both a strong military and high levels of consumer goods without sacrificing one for the other.

Guns and Butter Are Used to Represent the Classic Societal