There are economic advantages to using technologies that rely on rare Earth elements because trade can be politically complicated. a. less b. more
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The Deep Dive
Choosing option b, "more," makes sense because technologies utilizing rare Earth elements can create significant economic advantages by enabling advanced manufacturing, renewable energy solutions, and high-tech innovations. These advantages often lead to increased competitiveness in global markets, driving growth and job creation. Interestingly, the economic dynamics of rare Earth elements are quite fascinating. Since these elements are primarily mined in specific regions or countries, their extraction and trade can be impacted by political relations, trade policies, and resource availability. This complexity creates opportunities for countries to develop domestic sources or alternative technologies, further shaping the global economic landscape.