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:

Attend Church

The act of participating in religious services or ceremonies at a church.

Self-Fulfilling Prophecy

A phenomenon where a belief or expectation, whether accurate or not, influences behaviors in a way that causes the belief to become a reality.

Adult Supervision

The guidance and oversight provided by adults to children or adolescents, ensuring their safety and facilitating appropriate behavior.

Mass Media

Forms of communication, such as television, newspapers, and the Internet, that reach large audiences and play a significant role in shaping public opinion.