I was planning on creating Distributed Switches when I read that only vSphere Enterprise PLUS supports the vNetwork Distributed Switch. Is this correct?? -->Yes
Am I only able to create Standard Switches on each Host?--> If license is lower than Enterprise, then Yes
Is there a way to export the configuration of a Standard Switch like you can with a Distributed Switch? No. But there are a lots of PowerCLI scripts available that can help you mass deploy a Standard Switch configuration.