Economics!!! check attchments.

Home1 f16 Please download the questions and submit your answers through Turnitin.

1. What do we mean by economies of scale?

2. What are internal economies of scale? What are external economies of scale?

3. What is learning by doing (LBD)? What are LBD spillovers?

4. In medieval Europe, the production of woolen cloth was concentrated in a small number of towns. What explain this concentration, rather than having the production scattered over many different locations?

5. From the late 900s Frankish knights from northern France invaded neighboring areas, often acquiring control of territories. What were the three ingredients of their military technology?