Question

I NEED THIS FAST WILL MARK BRAINLEST In five or six 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

Too put it simply, international trade is an act of exchanging economic products through the activities called imports ( buying a product from other country) and export (selling product to another country).

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 this helps