Consider a counterfactual historical scenario where Britain's 19th-century textile industry, unable to import cotton, was forced to rely exclusively on domestically-produced wool. Given the resource requirements for raising sheep, what would have been the most significant and immediate trade-off for the British economy?
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Consider a counterfactual historical scenario where Britain's 19th-century textile industry, unable to import cotton, was forced to rely exclusively on domestically-produced wool. Given the resource requirements for raising sheep, what would have been the most significant and immediate trade-off for the British economy?
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