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.
The phrase “An economic boom is around the corner” is an example of: