Modernism Was Transformed from an Embattled Fringe Movement to an Officially

question 325

Multiple Choice

Modernism was transformed from an embattled fringe movement to an officially recognized aspect of "high culture" due to __________.

• A)the two world wars
• B)the advance of capitalism
• C)technological changes
• D)state-supported museums of Modern art

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Definitions:

Economic Profit

The difference between the total revenue generated by a business and the total opportunity costs of all resources used.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing excess return over opportunity costs.

Rate of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.

Assets

Items of value owned by individuals, companies, or governments, including tangible items like real estate and equipment, and intangible items like patents and trademarks.