Ottaviano and Peri Estimated That the Long-Run Effect of Migration

question 119

Multiple Choice

Ottaviano and Peri estimated that the long-run effect of migration on wages of all U.S. workers ranged between:

• A) -4.7 and 2.2
• B) -12.3 and -2.3
• C) -15.0 and -9.3
• D) -25.0 and -10.0

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Definitions:

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services.

ERP

Enterprise Resource Planning (ERP) systems integrate main business processes, facilitating the flow of information within an organization to manage complexities and increase efficiency.

Flexibility

The ability of a system or process to adapt or adjust to changing conditions or needs.

FAIS

Financial Advisory and Intermediary Services, regulations designed to protect consumers by ensuring fair treatment by financial service providers.