Homework: International Economics
Instructions
You learned about the Heckscher-Ohlin theory and economies of scale. In this homework, you will delve deeper into these topics as applied to an industry that you are likely familiar with.
To complete this homework, first read the following article:
Marvasti, A. (2000, February). Motion pictures industry: Economies of scale and trade. International Journal of the Economics of Business, 7(1), 99-114.
Then, compose an article critique that addresses the following components listed below.
1. Summarize the question the article is addressing and evaluate its findings.
2. Include an analysis in your summary of how the industry benefits from economies of scale, particularly external economies of scale.
3. Briefly explain the Heckscher-Ohlin theory. Appraise the assumptions of the Heckscher-Ohlin theory as applied to the motion picture industry. You may consider the two countries to be the United States and the rest of the world.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.