What do you think of this comment: "International trade is not good for the U.S. The U.S. is the big loser in international trade because our good paying jobs are being sent overseas to countries like China and India. The USA loses much more than we gain from engaging in international trade." Multiple Choice Shutting down the U.S. borders and bringing back the Smoot-Hartley Act of the 1930's that charged high tariffs on imports would be the smartest economic move we could make to protect our domestic industries. In the Keynesian formula C + I + G + (Exports - Imports), John Maynard Keynes thought that imports were a negative factor that would hurt any national economy. Therefore, it is logical that the U.S. should do everthing in our power to stop all imports from foreign countries. This statement is false. Although the U.S. may lose jobs in certain industries, free trade overall has allowed the U.S. to get lower prices on goods and services, free trade has createded more consumer choice, and trade forces the U.S. firms to become more creative and innovative because of the increased international competition. This statement is 'right on!' The U.S. has historically always