Someone Who Consumes a Resource Without Contributing to Its Upkeep

question 195

Multiple Choice

Someone who consumes a resource without contributing to its upkeep is referred to as a:

• A) nonsubscriber.
• B) freeloader.
• C) nonpayer.
• D) free rider.

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Definitions:

Domestic Deflation

A decline in the general price level of goods and services within a domestic economy over a period of time.

Exports and Imports

Describes goods and services sold to other countries (exports) and goods and services purchased from other countries (imports).

Flexible Exchange Market

A foreign exchange system where the value of currencies are determined by market forces without direct government intervention.

Equilibrium Exchange Rate

The exchange rate at which the demand for a currency equals its supply in the foreign exchange market, resulting in a stable market price.