Illegal Immigration Tends to

question 123

Multiple Choice

Illegal immigration tends to

• A) increase average wages and employment where illegal workers are complements to domestic-born workers.
• B) increase average wages and employment where illegal workers are substitutes for domestic-born workers.
• C) increase average wages and employment whether illegal workers are complements to or substitutes for domestic-born workers.
• D) reduce average wages and employment whether illegal workers are complements to or substitutes for domestic-born workers.

---

Definitions:

Option Contract

An option contract is a financial derivative that confers the right, but not the obligation, to buy or sell an asset at a set price on or before a certain date.

Forward Contract

A customizable financial contract between two parties to buy or sell an asset at a specified price on a future date.

Option Price

The price at which the holder of an option can buy (call option) or sell (put option) the underlying asset.

Forward Price

The agreed-upon price for a financial transaction that will occur at a future date.