Suppose After Graduating from College You Get a Job Working

question 29

Multiple Choice

Suppose after graduating from college you get a job working at a bank earning $30,000 per year.After two years of working at the bank earning the same salary,you have an opportunity to enroll in a one-year graduate program that would require you to quit your job at the bank.Which of the following should not be included in a calculation of your opportunity cost?

• A)the cost of tuition and books to attend the graduate program
• B)the $30,000 salary that you could have earned if you retained your job at the bank
• C)the $45,000 salary that you will be able to earn after having completed your graduate program
• D)the value of insurance coverage and other employee benefits you would have received if you retained your job at the bank

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Definitions:

Modernist American Art

A movement in American art that aimed to break away from traditional styles, embracing new techniques and perspectives to express modern life.

Gertrude Vanderbilt Whitney

An American sculptor, art patron, and collector, known for founding the Whitney Museum of American Art in New York City.

African Art

Artistic expressions originating from the African continent, characterized by diverse styles and mediums, reflecting the richness and diversity of African cultures.

Synthetic Cubism

An art movement phase where artists combined different shapes and textures to create compositions, introducing brighter colors and collage elements, contrasting with the earlier Analytic Cubism.