Given Income and Resource Constraints,the Market Mechanism Typically Arrives at the _______

question 42

Multiple Choice

Given income and resource constraints,the market mechanism typically arrives at the _______ outcome.

• A) Perfect
• B) Government determined
• C) Optimal
• D) Disequilibrium

---

Definitions:

Withholding Allowances

Amounts exempted from an employee's income tax withholding, directly related to the number of dependents and personal situations.

Current Earnings

The net income that a company has generated over a specific period, excluding any non-operational or extraordinary items.

FICA Tax

A federal payroll tax that funds Social Security and Medicare, evenly split between employers and employees.

Medicare

A federal health insurance program in the United States for people aged 65 and older, and for some younger people with disabilities.