Suppose Ice Cream Cones Costs $3

question 201

Multiple Choice

Suppose ice cream cones costs $3.Molly holds $60.What is the real value of the money she holds?

• A)$60.If the price of ice cream cones rises,to maintain the real value of her money holdings she need to hold more dollars.
• B)$60.If the price of ice cream cones rises,to maintain the real value of her money holdings she need to hold fewer dollars.
• C)20 ice cream cones.If the price of ice cream cones rises,to maintain the real value of her money holdings she needs to hold more dollars.
• D)20 ice cream cones.If the price of ice cream cones rises,to maintain the real value of her money holdings she needs to hold fewer dollars.

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Definitions:

Fealty

A medieval concept referring to the loyalty and duty of a vassal to a lord, often associated with the feudal system.

Cross-Licensing

An illegal contractual arrangement in which two or more parties license each other to use their specified intellectual property only on the condition that neither licenses anyone else to use the property without the other’s consent.

Copyrights

Legal protections granted to creators over their original works, preventing unauthorized use for a certain period of time.

Condemnation

The legal process by which a transfer of property is made against the protest of the property owner.