An Invention That Speeds Up the Internet Is an Example

question 94

Multiple Choice

An invention that speeds up the Internet is an example of

• A)an income effect.
• B)an increase in labor.
• C)a substitution effect.
• D)a supply shock.

---

Definitions:

Charitable Contribution Deduction

A tax deduction that allows taxpayers to deduct donations made to qualifying charitable organizations from their taxable income.

Itemize Deductions

To list allowable expenses that can be subtracted from adjusted gross income to reduce taxable income, rather than taking a standard deduction.

Taxpayers

Individuals or entities that are required to pay taxes to a federal, state, or local government.

Long-Term Care Insurance

Insurance coverage designed to provide for the cost of long-term care services, including nursing home care, assisted living, or home caregiver services, potentially offering tax deductions for premiums paid.