For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed among its members? In a market economy, this question is resolved primarily in the Multiple Choice public sector through the mechanism of central planning. business sector through the mechanism of advertising. private sector through the earning and spending of income. money market through borrowing and saving by households and businesses.

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60