Analyze the dominance of China in the hi-tech industry. What scarce resource is extracted from the Earth to support this dominance?(1 point)

Question

Responses

oil
water
priceless gems
rare earth elements

Answer 1

Rare earth elements are extracted from the Earth to support China's dominance in the hi-tech industry. China holds a significant amount of the world's rare earth element reserves, giving them a strategic advantage in the production of advanced technologies like smartphones, electric vehicles, and renewable energy sources. This dominance in the rare earth element market allows China to exert influence over the global hi-tech industry.