Gambling losses are miscellaneous itemized deductions subject to the 2% of AGI floor.

a. true
b. false

Ans: b. false

Business

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Which of the following theories supports government intervention and strategic trade policy?

A. Theory of absolute advantage B. Theory of comparative advantage C. Heckscher-Ohlin theory D. New trade theory E. Poduct life-cycle theory

Business

The monetary authority in each country that regulates the money supply, issues currency, and manages the exchange rate of the nation's currency relative to other currencies is called the World Bank

Indicate whether the statement is true or false

Business