The U.S. iron mines are currently located in Michigan and Minnesota. The U.S. is one of the largest consumers of steel. According to the five economic principles, it makes good economic sense to_____. a)  sell the iron ore to the highest bidder.b) ship the ore to India, where labor is super cheap.c) open a steel mill near Detroit, Michigan, where there are a lot of skilled laborers.d) stop producing steel and iron