Elementary school students often trade food items at lunch in an effort to have the best lunch possible. In one elementary school, pudding cups have become so popular that they have become a unit of account. This means that(1 point)

Question

Responses

the price of other lunch items is expressed in quantities of pudding cups.
the price of other lunch items is expressed in quantities of pudding cups.

students are eager to accept pudding cups in exchange for any lunch item.
students are eager to accept pudding cups in exchange for any lunch item.

a pudding cup entitles its holder to a share of some valuable asset.
a pudding cup entitles its holder to a share of some valuable asset.

a pudding cup will likely have the same purchasing power tomorrow as it does today.

Answer 1

The correct response is:

the price of other lunch items is expressed in quantities of pudding cups.

This means that pudding cups serve as a standard measure for the value of other food items, allowing students to trade based on the relative value of those items compared to pudding cups.