1. For this assignment, based on your research and/or brainstorming, identify causes and effects of the problem you are writing about. List as many as you can. Then choose the one to three most serious causes and the one to three most serious effects of the problem.

· The shortage of semiconductor chips is the reason why car companies and the used car market increased prices sharply during the pandemic.

· During the pandemic, the city’s economy plummeted, leading to national inflation.

· During the pandemic, capital markets were hit hard and global financial markets fluctuated greatly, slowing down world economic growth.

· During the pandemic, the CPB Global Trade in Goods index showed that the volume of global trade decreased for the first time since the global financial crisis in 2008. It is expected that the COVID-19 pandemic will further slow down the growth of global trade. As a result, countries with high trade dependence such as Germany, South Korea and Mexico face more severe challenges.

2. Next, write a paragraph or two describing the most serious effects of the problem. Your goal in this paragraph is to convince your audience that this is a problem they should care about. Use any research you have been able to find to support your argument.

During the epidemic, due to the shortage of chips, major car companies faced huge market problems after the inventory of vehicles was exhausted. The second-hand car market was also the same. The demand for vehicles was in short supply, and there was an additional price increase. Due to different vehicles, the additional price increase amount It ranges from 5000-10000 dollars.

According to the Wall Street Journal, President Biden convened a chip summit focusing on solving the phenomenon of chip shortages. This shows that the chip industry is facing severe challenges, and it also represents that market trends have been greatly affected. So this is one of the most concerned topics for the public.

3. Then, write a paragraph or two describing the most important causes of the problem. Here, you want to persuade the reader that you have identified the factors most responsible for the problem. Quoting your sources can help do this.

In all countries, cars are the most important means of transportation in life. Especially in cities with imperfect public transportation systems, the role of cars is particularly important. In the United States, with the spread and development of the epidemic, various industries have reduced labor and production, especially chips. However, the most important component for automobiles is the chip, which represents the brain of a car. This has led to a gradual decline in the production of cars. With the consumption of inventories of major car companies, there are now not many good cars on the market. The subsequent result is an additional price increase. The demand for major popular models is in short supply, and the second-hand car market has also been affected. Compared to before the epidemic, buying a scooter now costs more than US$5,000. During the epidemic when per capita income is shrinking, this has greatly increased the burden of buying a car, which has made life more difficult.

As far as my personal experience is concerned, I am an international student. Cars are very important to me. They play a significant role in daily travel, purchase of daily supplies and outings. Under the huge burden of different exchange rates between countries, the extra price increase in the car market makes my life more stressful. In life, I have to bear not only the rent, living expenses, tuition fees, but also the cost of car and car insurance. In such a difficult situation, I balked at the additional markup because I thought the additional $5,000 was a large amount of money, enough to change my plans. But without a car, my life would be difficult, my productivity would plummet, and over the long term, I would have to pay more for transportation, which would be a huge strain at a time of inflation.

4. Finally, write a paragraph or two proposing a response that addresses the causes. What can be done to lessen or eliminate the causes of the problem, and who specifically needs to act?

I think the government and the country need to take further actions so as to improve the people’s life pressure. In terms of chips, while strictly controlling the epidemic, special requirements are imposed on special industries, companies that produce chips are supported, and policies are promulgated to encourage chip production. award. In terms of society, people with too little income are supported and relief funds are issued to help them tide over their difficulties.