President Biden Addresses Supply Chain Issues At Port Of Baltimore

President Biden Addresses Supply Chain Issues At Port Of Baltimore

Assessment

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Business

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The video discusses the current congestion in the supply chain, leading to higher prices for goods and inflation. President Biden acknowledges the issue and unveils a plan to ease the congestion by investing in port infrastructure. Local businesses, like a hardware store in Baltimore, are facing product shortages due to these supply chain issues. The government plans to modernize ports with significant investments, which is expected to improve efficiency and reduce delays. Additionally, a shortage of truck drivers is exacerbating the supply chain problems.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons for the current increase in prices for everyday goods?

Increase in supply chain efficiency

Decrease in consumer demand

Reduction in production costs

Congestion in the supply chain

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the supply chain issue affected Falcon hands hardware in Baltimore?

They are experiencing product shortages

They have increased their workforce

They have expanded their product range

They have reduced their prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the steps the Biden administration is taking to ease the supply chain crunch?

Increasing tariffs on foreign goods

Reducing taxes on imports

Creating pop-up storage sites at ports

Limiting the number of imports

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected benefit of the $17 billion investment in port infrastructure?

Decrease in consumer demand

Increase in import tariffs

Reduction in port congestion

Increase in product prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor contributing to the supply chain backup?

Decrease in consumer spending

Overproduction of goods

Shortage of truck drivers

Excessive number of truck drivers