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. 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 statement "Smartphone development is eliminating mining jobs in many parts of the world." best characterizes an economic impact of smartphone development.
