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.
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.
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 economic implications related to the concentration of resources and the potential vulnerabilities for countries relying on these materials for technology production.
