Question

Suppose a country without any international trade opens its borders to international trade. after specialization how will its location on its production possibility frontier change

Answer 1

Opening up to international trade would lead a country to increasing its production and specialization of goods. For example, if a country opens international trade and some factories are making a household appliance, the instructions would need to be in the trade countries languages as well as the native language. The number of household appliances made would need to be increased to meet the growing need.