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The Major Difference Between a Tariff and a Quota on an Imported

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True/False

The major difference between a tariff and a quota on an imported product is that a tariff produces revenue for the government.


Definitions:

Systematic Sampling

A sampling method where elements are selected from a larger population using a fixed, periodic interval.

HR Manager

A professional who oversees recruitment, management, and direction of the human resources and workforce in an organization.

Job Satisfaction

The level of contentment a person feels regarding their job, which can impact their performance and well-being.

Stratified Sampling

A method of sampling that involves dividing the population into subgroups (strata) and then selecting samples from each stratum.

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