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

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

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

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 both the concentration of resources in a specific country and the potential economic implications for others reliant on those materials for smartphone production.

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