International Business

User Generated

ggubzcfba5

Business Finance

Description

Listen to the following podcast hosted by Stephen Dubner and produced by NYC studio

http://www.wnyc.org/story/no-hollywood-ending-visu...

1. How would you apply one trade theory to explain the competitive advantage of movie industry in the U.S.?

2. What was the rationale for the government to promote the development of movie industry? Was it political, economic, or cultural motive to do so? Was the government intervention sucessful?

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: INTERNATIONAL BUSINESS

International Business
Name
Institution

1

INTERNATIONAL BUSINESS

2
International Business

How would you apply one trade theory to explain the competitive advantage of
movie industry in the U.S.?
The theory of absolute advantage is based on the principle that “the ability of a country,
individual, company or region to produce a good or service at a lower cost per unit than the cost
at which any other entity produces that same good or service gives it absolute advantage in some
area” (Schumacher, 2012). This theory is one that that can be used to explain the competitive
advantage of the U.S. movie industry because “the production companies possess the absolute
advantages to producing movies and films with minimal inputs in an efficient manner other than
production entities in ot...


Anonymous
Awesome! Perfect study aid.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags