Which statement best characterizes an economic impact of smartphone development?(1 point)

Responses

The mining of rare-earth elements is currently centered in the U.S., giving the country an economic advantage in the global marketplace.
The mining of rare-earth elements is currently centered in the U.S., giving the country an economic advantage in the global marketplace.

The production of smartphones is inexpensive and does not have a far-reaching economic impact.
The production of smartphones is inexpensive and does not have a far-reaching economic impact.

Smartphone development is eliminating mining jobs in many parts of the world.
Smartphone development is eliminating mining jobs in many parts of the world.

The mining of rare-earth elements is currently centered in China, which poses an economic risk to other countries.

1 answer

The statement that best characterizes an economic impact of smartphone development is:

The mining of rare-earth elements is currently centered in China, which poses an economic risk to other countries.

This statement reflects the significance of smartphone production and its reliance on rare-earth elements, which are primarily sourced from China, impacting the global supply chain and economies of other countries.