Question

26. Which of the following organizations were established to promote freer trade among member nations (check all that apply)2(2) SEATO NAFTA European Union NATo 27. Which of the following will probably increase total expenditures for U.S. goods and services?(2) The Federal Reserve buys $5 billion in U.S. bonds The Federal income tax is raised by 5% to help reduce the deficit The U.S. dollar is devalued (i.e., other currencies such as the rupee, will buy more dollars) The U.S. government reduces spending on National Defense