Distinguish between absolute advantage and comparative advantage trade theories and give examples.

1.Choose five U.S. government policies that affect trade with foreign nations. Identify three factors of production, and describe how their mobility is good or bad for U.S. trade2.Distinguish between absolute advantage and comparative advantage trade theories and give examples3.Choose either the TPP or the T-TIP free trade agreement and describe which other countries have signed on and why the U.S. Senate should ratify or not ratify the agreement. Also, explain how regional trading groups influence organizations.