The Text Estimates That the Long-Run Effect of Migration from 1996-2006

question 90

Multiple Choice

The text estimates that the long-run effect of migration from 1996-2006 on wages of all U.S. workers was, on average:

• A) -3%.
• B) -1%.
• C) 0.1%.
• D) 0.6%.

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Definitions:

Interest Earned

The amount of money gained as interest from savings, investments, or loans, over a specific period.

Account

A record or statement showing the financial transactions and status of an individual or entity with a financial institution.

Days

Units of time equal to 24 hours, used as a measurement of the duration of events or the interval between them.

Term Deposit

A bank deposit with a fixed term and usually a higher interest rate than a savings account, requiring funds to remain deposited for a specific period.