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Mewpeth, an Asian Nation, Is the World's Largest Producer of Cotton

Question 41

Multiple Choice

Mewpeth, an Asian nation, is the world's largest producer of cotton. The country was able to achieve this status by increasing the production of cotton and compromising on the production of wheat. The given scenario exemplifies the concept of _____.


A) an absolute advantage
B) opportunity cost
C) balance of payments
D) a strategic alliance

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