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Earn +20 ptsQ: What is over production?
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What are examples of over production?
Over production is when u over produce something
What is an example of a nation having an absolute advantage in the production of a product?
For example, Brazil has an absolute advantage over the United States in the production of coffee; the nations of the Middle East have an absolute advantage over the United States in the production of crude oil.
What do nations do with the extra products of over production?
they go up into space.
Surplus is an excess of production or supply over demand. True or False?
True
What is the difference between sales and production?
A forecast of Sales is calculating the amount of items you expect to sell over a certain period, whereas a Production forecast is calculating the amount of items you expect to produce over a certain period.
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