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:

Participant-observation

A qualitative research method in which the researcher becomes involved in the community or context being studied while observing its dynamics.

Sociological Research

The systematic study of social behavior, structures, and functions, utilizing various methods to collect and analyze data to understand and explain social phenomena.

Research Method

The systematic plan, strategy, and technique applied in the pursuit of knowledge or to investigate specific scientific, social, or educational questions.

Population

The total number of individuals occupying an area or making up a whole, often studied in terms of size, density, and distribution.