International BusinessTrade Theory Compare and contrast the theory of absolute a

International BusinessTrade Theory Compare and contrast the theory of absolute advantage and the comparative advantage theory. Give an example to support your response. Explain Porters Diamond theory and discuss the importance of this theory and its implication. Support your answers with examples. Minimum of 250 words due by June 5 2014 at 2100 (9pm CT). Respond to following: a.Explain what trade control is. What are the instruments of trade control? Discuss the pros and cons of using trade control. Support your answerswith examples.b.Go to the USDAs page onNAFTA (North American Free Trade Agreement). Explore the insights into NAFTA and discuss the impact of NAFTAon its members.Support your answers with examples. Minimum of 250 words due by June 5 2014 at 2100 (9pm CT).