Read The Following And Identify The Elements Of The Toulmin

Read the following and identify the elements of the Toulmin M

Read the following and identify the elements of the Toulmin Model. The accumulated experience of economists in this country indicate that there is a good chance that an economic boom is around the corner. This year the number of housing starts increased, inventories declined, and the stock market rose significantly. In this country when housing starts increase, inventories decrease, and the stock market rises an economic boom is around the corner unless some worldwide market variables adversely affect us. Question 1 The phrase "An economic boom is around the corner" is an example of:

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The task involves analyzing a statement within the context of the Toulmin Model of argumentation. The given argument consists of several components: it begins with an assertion based on empirical economic indicators, suggests a probable future economic event, and includes a conditional clause acknowledging potential external variables that could influence this prediction. To identify the Toulmin elements—claim, data, warrant, backing, qualifier, and rebuttal—it's essential to dissect the argument carefully.

The claim in this context is the conclusion or main assertion being made: "An economic boom is around the corner." This statement predicts a forthcoming economic upturn based on current indicators. The data or grounds supporting this claim include empirical evidence such as increases in housing starts, declines in inventories, and rises in the stock market. These are concrete, observable economic trends that suggest economic growth.

The warrant, which connects the data to the claim, is the underlying assumption that positive trends in housing, inventories, and stock market performance generally lead to an economic boom. Essentially, it's the logical bridge that justifies interpreting these indicators as signs of impending economic expansion.

The backing provides additional support for the warrant, if necessary. In this case, economic principles or historical data that establish a link between these indicators and economic growth serve as backing. For example, economic theory might assert that increased housing starts stimulate industry and employment, leading to broader economic growth.

The qualifier in the argument is reflected in the phrase "unless some worldwide market variables adversely affect us." This indicates that the assertion is probable but not certain, acknowledging the possibility of exceptions or external influences that could negate the prediction.

The rebuttal component is present as a conditional clause, which introduces potential challenges to the claim: adverse worldwide market variables could prevent or delay the economic boom. This element protects the argument from being absolute and recognizes counter-arguments or opposing evidence.

In summary, the phrase "An economic boom is around the corner" functions as the claim in the Toulmin Model. The data underpinning it are the increases in housing starts, declining inventories, and rising stock markets. The warrant connects these indicators to the prediction, backed by economic principles. The qualifier introduces caution regarding external variables, and the rebuttal underscores the conditional nature of the forecast.

References

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