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What Is (Are) the Major Product(s) of the Following Reaction

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What is (are) the major product(s) of the following reaction?
What is (are)  the major product(s)  of the following reaction?   A) Only I B) Only II and IV C) Only I and III D) Only I, II, and III


Definitions:

Earmarked Payroll Taxes

Taxes collected for a specific purpose, typically to fund social security and healthcare programs, and directly deducted from an employee's wages.

Social Insurance

Social insurance is a government or publicly sponsored system that provides financial protection to individuals against economic risks such as unemployment, disability, or old age.

Equality-Efficiency Trade-Off

A concept in economics suggesting that there can be a trade-off between achieving economic equality and efficiency within a society.

Economic Efficiency

A situation in which all resources are allocated in a way that maximizes total benefit or output with minimal waste.

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