Some economists suggest the optimal way for a nation to protect its access to a strategic mineral is with

Question

Quizplus · Accepted Answer

The best option for a nation to protect its access to a strategic mineral is through the creation of a stockpile. This strategy is effective in managing supply and demand, and can provide a buffer against any short-term disruptions or price fluctuations in the global market. Additionally, it can help to support domestic extraction and production in the long term, by providing a stable market and reducing the risks associated with uncertainty in supply. Other options, such as tariffs, quotas, or protectionist policies, may have negative implications for the domestic economy and international trade, and may not provide a sustainable solution to the problem of securing access to strategic minerals.

Some Economists Suggest the Optimal Way for a Nation to Protect