Read the following statements carefully:Statement 1: Economic territory and political frontier of a nation are one and the same thing. Statement 2: American Embassy in India is a part of the economic territory of India.
In the light of the given statements, choose the correct alternative from the following:
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Economic territory includes a nation's embassies abroad and foreign embassies within a country belong to their home nation.
Statement 1: This is false because a nation’s economic territory extends beyond its political frontier to include embassies, consulates, and businesses operating abroad under its control.
Statement 2: This is false because the American Embassy in India is considered part of the economic territory of the United States, not India. Similarly, Indian embassies in other countries are part of India's economic territory.