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.

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.

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

Answer 1

In the context of your question, the correct response is:

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

This reflects the concept of a unit of account, where one item (in this case, pudding cups) is used to measure and express the value of other goods, making it easier for students to trade their food items at lunch.