Question

Express problems clearly. Give an example of a "guns or butter" trade-off your school or local government might have to make. Describe the issues on each side

Answer 1

Answer:

Suppose that the local school has $1,000 dollars. It can invest those $1,000 dollars to either buy 5 surveillance cameras each costing $200, or to buy 10 brand new textbooks for the library, each costing $100.

The school is facing a trade-off between buying surveillance cameras (guns), or textbooks (butter).

If the school only buys surveillance cameras, it will not have money to buy any textbooks, and viceversa.

The school board chooses the middle ground and buys 2 surveillance cameras for $400, and 6 textbooks for $600. Now, it does not have as many surveillance cameras as possible, or as many textbooks as possible, but it has a bit of both goods.

Answer 2

An example of a "guns or butter" trade-off that my local government might have to make will be spending money on arms for the protection of the people or providing palliatives to curb the hunger caused by the pandemic.

What is the guns or butter trade-off?

The guns or butter tradeoff is a form of economic decision that is made when the government has to choose between spending resources on war or spending those resources to cater to the immediate needs of its people like hunger.

The gun in this case is the arms while the butter is food.

Learn more about the guns or butter trade-off here:

https://brainly.com/question/14396248