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Urbanization Economies and Localization Economies Differences? Q1. Which of the following is the best example of...

Urbanization Economies and Localization Economies Differences?

Q1. Which of the following is the best example of an urbanization economy?

(A) Steel can be produced more cheaply near other steel plants that share common inputs, such as specialized equipment and its maintenance services.

(B) Steel can be produced more cheaply near large deposits of coal.

Q2. Which of the following is the best example of localization economy?

(A) 41% of world's new ships are built at the southern tip of the Korean peninsula.

(B) Steel can be produced more cheaply near a coal mine.

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