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

Question

Responses

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.

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 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.

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

Answer 1

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 economic implications of smartphone production, particularly the dependency on a specific geographical region for crucial resources, which can create vulnerabilities for other nations in the supply chain.