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.

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

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

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 economic implications of relying on a concentrated source for essential materials needed in smartphone production, highlighting potential vulnerabilities in the global supply chain.