Can you just tell me "How Do I Export My Phoots(Best Quality, High Quality, or Good Quality) from Original?
Simply... You Can't.
Remember iPhoto is about Photos. Not files. What's the difference?
The illustration I use is as follows: In my iTunes Library I have a file called 'Let_it_Be_The_Beatles.mp3'. So what is that, exactly? It's not the song. The Beatles never wrote an mp3. They wrote a tune and lyrics. They recorded it and a copy of that recording is stored in the mp3 file. So the file is just a container for the recording. That container is designed in a specific way attuned to the characteristics and requirements of the data. Hence, mp3.
Similarly, that Jpeg is not your photo, it's a container designed to hold that kind of data. iPhoto is all about the data and not about the container. So, regardless of where you choose to store the file, iPhoto will manage the photo, edit the photo, add metadata to the Photo but never touch the file. If you choose to export - unless you specifically choose to export the original - iPhoto will export the Photo into a new container - a new file containing the photo.
So:
You can export your Original. It's your Original. The file as copied from your camera, no changes. If there were any changes it wouldn't be the original.
or
You can export your Photo (and note that's Photo, not file) into a new file and you can choose the compression rate on that.
So, it's an either/or. Export your Original, unchanged. Or Export to a New File.
Only high end dslrs camera will allow you to set the quality of the shot.