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 fewer dollars.
b. $60. if the price of ice cream cones rises, to maintain the real value of her money holdings she need to hold more 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.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%

Match each economic concept with the scenarios that illustrates it