Question

Which statement best characterizes an economic impact of smartphone development?(1 point) 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. 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 mining of rare-earth elements is currently centered in the U.S., giving the country an economic advantage in the global marketplace.

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 reflects the critical role that rare-earth elements play in smartphone production and highlights the geopolitical and economic risks associated with their concentrated supply.