CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Study of Production

During electi...

Question

During election campaigns, candidates often promise both more "gun" and more "butter", if they are elected. Assuming unemployment is not a problem, what possible assumption are they making but not revealing to their audience?

A

There will be a sufficient increase in the supply of natural resources used to produce "guns" and "butter".

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

There will be an improvement in technology of production for both "gun" and "butter" production.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

There will be an increase in labour force.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

All of the above

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is C All of the above
If the supply of "gun" and "butter" are to be increased in the market then it is necessary that the required resources to produce those commodities also increase as well as there should be improvement in technology so that more people can be employed to increase the production and production possibility curve shifts outward.

Suggest Corrections

thumbs-up

0

Similar questions

Q. During presidential election campaigns, candidates often promise both more "gun" and more "butter" if they are elected. Assuming unemployment is not a problem, what possible assumption are they making but not revealing to their audience?

Q. Draw a transformation curve, given the following possibilities of production (resources and technology remains constant). Also, find the marginal opportunity cost when more and more guns are produced in place of bread.

Guns(Units)	0	1	2	3	4	5
Bread (Units)	30	28	24	18	10	0

Q. In an election

3

persons are to be elected from

6

candidates. A voter can cast any number of votes but not more than the candidates to be elected. In how many ways can he cast his vote?

Q. In an election, the number of candidates is one more than the number of members to be elected. A voter can cast any number of the vote but not more than the candidates to be elected and not less than 1 vote. If a voter can cast his vote in

30

ways, then the number of the candidates is

Q. In Dec 2014, the Pew Research Center conducted a survey, asking 1507 people spread among all 50 states and the District of Columbia , “What do you think is more important – to protect the right of Americans to own guns or to control gun ownership?” For the first time in more than two decades, a higher percentage (52%) said it was more important to protect the right of Americans to own guns than to control gun ownership (46%). The researchers used 1993 as a reference point because it's seen as the height of gun violence in America; they also noted that gun-related violence fell sharply in the 1990s and more gradually in later years. But Pew also noted that many Americans didn't seem to agree with the numbers. A survey found that only 12 percent of respondents thought the gun crime rate was lower than it was in 1993 - and 56 percent thought it was higher.
It can be concluded from this survey result that:

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Understanding the Economy

STATISTICS

Watch in App

explore_more_icon

Explore more

Study of Production

Standard XI Statistics

Join BYJU'S Learning Program

CrossIcon