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The purpose of this paper is to explore one of the more subtle problems facing the United States. The problem concerns retaining economic and political power In the face of decreasing self-sufficiency in natural resources and raw materials.
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This article utilizes a new concept of supply and demand for raw materials. It emphasizes the need for the use of long run economics rather than short run analysis in the determination of a fair price for raw commodities.
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of the mineral oil crisis on their competitiveness. …
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