Principles of Microeconomics / Unit 16 MIC 1520 short lesson, about 20 seconds
Environment, Safety and National Interest
Captions available
The idea
A race to the bottom in environmental standards is plausible but unsupported: compliance is a small share of plant cost. Safety standards are allowed if science-based and applied at home too. Import dependence is answered by stockpiling, not by using up domestic supply.
In practice
A strategic material stayed subsidized for decades after leaving the strategic list.
Where people slip
Strategic is decided by politicians, not analysts.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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