How does international trade affect U.S. consumption possibilities?

It is important that you review/edit your submission and maintain a 30% or lower matching before finally submitting it.Research and Answer the following questions:- What are the major U.S. exports and imports? How does international trade affect U.S. consumption possibilities? (3 pts)- What determines which goods a country should produce and export? (3 pts)- What is the World Trade Organization (WTO) and how does it help foster multilateral trade? (Check the WTO website at http://www.wto.org/.) (4 pts)- Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever any reasons to support such trade restrictions? (5 pts)NOTEYour Assignment requires that you submit at least two references one from your textbook and at least one from the database “STATISTA”You will be able to access STATISTA database by going to your FNU Library “LIRN”- Once you have signed to LIRN- Go to your Business section