Question

In 5-6 sentences, explain international trade. Be sure to discuss imports, exports, absolute advantage, comparative advantage, balance of trade, and balance of payments in your response.

Answer 1

International trade is an act of trading industrial stocks by exercises named imports ( purchasing a stock from another country) and export (merchandising product to another country).

Step-by-step explanation:

The number of entire import and export will influence the Balance of the business of the country, which is a variation in the volume of that country's import and export

In an global trade, few countries can manufacture a particular stock more efficiently than other stocks in that country, which is termed as comparative advantage and more efficiently than other nations, which is named as absolute advantages.

Answer 2

International trade is an act of exchanging economic products.
When we buy products from the other country it is called imports.
When we sell products to the other countries it is called exports.
The amount of total import and export will affect the Balance of trade of the country which is a difference of the amount of that country's import and export
in an international trade some countries can produce a specific product more efficiently than other products in that country , which called and comparative advantage, and more efficiently than other countries, which called absolute advantages.
hope it helps