For a skydiver who has opened his parachute and is slowing down while falling, the correct response regarding the free-body diagram would be:
There is an arrow up for air resistance and an arrow down for gravity. The arrow up is longer than the arrow down.
This indicates that the upward force of air resistance (caused by the parachute) is greater than the downward force of gravity, which is why the skydiver is slowing down.