Search results
Results from the WOW.Com Content Network
In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
In microeconomics, a production–possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical representation showing all the possible options of output for two that can be produced using all factors of production, where the given resources are fully and efficiently utilized per unit time.
Download as PDF; Printable version; In other projects ... This is a gallery of curves used in mathematics, by Wikipedia page. See also list of ... Butterfly curve ...
The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy. The great Russian butter robbery—and ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The Global Dilemma: Guns or Butter is a 1990 video game written by Chris Crawford and published by Mindscape. It was originally released on the Macintosh , and then for IBM PC compatibles . The game is a simulation of macroeconomics in which the player attempts to improve the economy of their country in an effort to outproduce the computer players.
Agricultural markets are a context where the cobweb model might apply, since there is a lag between planting and harvesting (Kaldor, 1934, p. 133–134 gives two agricultural examples: rubber and corn). Suppose for example that as a result of unexpectedly bad weather, farmers go to market with an unusually small crop of strawberries.
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.