DSL and Broadband Internet Service Would Be Considered an Example

question 29

Multiple Choice

DSL and broadband internet service would be considered an example of:

• A)substitute goods.
• B)giffen goods.
• C)inferior goods.
• D)complementary goods.

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Definitions:

Forced-Savings Program

A government or employer initiative requiring individuals to save a portion of their income to foster economic stability or for future use.

Payroll Tax

A payroll tax is a tax imposed on both employers and employees; it is based on wages that employers pay their staff.

Nominal Wages

Are the amounts paid to employees in current dollar terms, without adjusting for inflation or purchasing power.

Income Cutoff

A specified income level below or above which a person or family is eligible or not eligible for certain financial benefits or services.