the economic concept of guns or butter means what?
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.

The correct answer among all the other choices is C. a government must decide to produce more or less military or consumer goods. This is what the economic concept of guns or butter means. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.

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avantikar avantikar · Answer 2 · 2019-11-02T06:01:19+01:00

C. is the correct answer.

The economic concept of guns or butter means a government must decide to produce more or less military or consumer goods.

Further explanation:

Economic concept:

The economic conceptrefers to using resources judiciously.
To remove economic disparity.
As the resources are insufficient, resources must be used judiciously.
Due to scarcity of resources, there should be effective and efficient use of these resources.

Justification for the correct and incorrect answer:

A.

A person can spend money on either sports equipment or food: This option is incorrect.

The economic concept does not mean that the person can spend money on either sports equipment or food. It is mainly the choice of the person, on which thing, he/she wants to spend money.

B.

A company must decide whether to manufacture guns or butter: This option isincorrect.

The economic concept does not mean a company must decide whether to manufacture guns or butter. A company can produce what they want to, but the economic concept is decided on the basis of the need of the economic condition.

C.

A government must decide to produce more or less military or consumer goods: This option is correct.

The economic concept says that the government should decide to produce more or less military or consumer goods. It depends on the need of the country.

D.

A government can buy unlimited military and civilian goods if it is rich enough:This optionis incorrect.

As per the economic concepts, a government cannot buy unlimited military and civilian goods if it is rich enough because the government takes decisions on the basis of the need of the country.

Thus, the economic concept of guns or butter means a government must decide to produce more or less military or consumer goods.

Learn more:

1. Learn more about choosing the purchase of car or leasing

https://brainly.com/question/2731676

2. Learn more about choosing the purchase of the car

https://brainly.com/question/1258129

3. Learn more about renting and owning

https://brainly.com/question/2288011

Answer details:

Grade: High School

Subject: Business

Chapter: Renting

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