Impact of the East Coast Port Strike

What is the main reason for the current union strike on the East Coast of America?

• A dispute over automation and wages

• A demand for better working conditions

• A conflict about environmental regulations

• A disagreement over shipping routes

What are the two main demands of the International Longshoremen's Association in the labor dispute?

• Better safety equipment and training

• More flexible working hours and job security

• A ban on automation and higher wages

• Increased vacation days and health benefits

What is the potential daily economic cost of the port strike to the US economy?

• $100 million

• Up to $4.5 billion

• $500 million

• $1 billion

How does the current strike compare to the one in 1977?

• The current strike is expected to last longer

• The 1977 strike was resolved within a week

• The 1977 strike had no significant impact

• Both strikes have the potential for massive economic disruption

Which company is mentioned as having significant exposure to the port strike?

• Apple

• Walmart

• Tesla

• Amazon

What is a TEU in the context of shipping?

• A measurement of shipping weight

• A type of shipping vessel

• A unit of shipping distance

• A type of shipping container

Which industry is NOT mentioned as being significantly affected by the port strike?

• Food

• Automobiles

• Pharmaceuticals

• Technology

What percentage of active pharmaceutical ingredients used in the US are imported from India?

• 60%

• 48%

• 75%

• 25%

What is the Taft-Hartley Act's role in labor disputes?

• It mandates arbitration by a third party

• It provides financial aid to affected workers

• It allows the government to permanently end strikes

• It permits an 80-day cooling-off period for negotiations

What could be a potential consequence of the strike on inflation?

• Stabilization of prices

• Increased inflation due to higher shipping costs

• No impact on inflation

• Deflation in the global market