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 highlights the dependency of smartphone production on rare-earth elements that are predominantly sourced from China, indicating potential economic vulnerabilities for countries reliant on these materials for smartphone manufacturing and technology development.