In economic terminology, a free rider is someone who:
A. does not pay for his or her own consumption of a public good.
B. is earning economic profit.
C. chooses not to consume a public good.
D. raises his or her prices because all other prices are rising.
Answer: A
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A period in which the price level is rising is experiencing
a. inflation. b. reflation. c. deflation. d. deconstruction.
3 redistributive effects of inflation:
What will be an ideal response?
To get the U.S. Senate to pass a farm bill, a U.S. Senator from a farm state asks for the support of a U.S. Senator from an urban state. The urban state Senator agrees to support the bill, if in return the farm state Senator supports a bill for a mass transit project. This situation is an example of:
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