Economics is the study of A. how to get rich. B. how people allocate their limited resources to satisfy their unlimited wants. C. why people want certain goods and services rather than other goods and services. D. how people spend their income. he United States is best known as a A. dictatorship. B. mixed economic system. C. pure price system. D. command and control system. he United States is best known as a A. dictatorship. B. mixed economic system. C. pure price system. D. command and control system. The term ceteris paribus is an economic assumption that means A. other things being equal. B. the detail is in the interrelationship. C. logical common sense. D. let the buyer beware Which of the following statements is a positive economic statement? A. The president's budget included an increase in unemployment insurance payments. B. The Congress should pass the president's tax package. C. The U.S. tax system always gives too much favor to rich people. D. None of the above. Scarcity is caused by A. shortages. B. unlimited wants running up against limited economic resources. C. an individual's budget that is insufficient to cover the expenses of certain goods or services. D. a company's slow production speed