A free rider is a person who consumes a good without paying for it

Indicate whether the statement is true or false

TRUE

Economics

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Refer to Figure 16-5. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely

A) increase government spending. B) decrease government spending. C) increase oil prices. D) lower interest rates. E) increase taxes.

Economics

The focal point of the Bretton Woods system was the:

a. Great Britain pound. b. institution of special drawing rights. c. U.S. dollar. d. gold reserve. e. management of commodity money.

Economics