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An arms race occurs when two or more countries increase the size and quality of military resources to gain military and political superiority over one another. The Cold War between the United States and the Soviet Union is perhaps the largest and most expensive arms race in history; however, others have occurred, often with dire consequences.
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3. If you buy a new cell phone, your opportunity cost is the time you could spend talking on the phone.
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a territorial area within which the political influence or the interests of one nation are held to be more or less paramount.
B. European nations had political and military control over the majority of the African continent.
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