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President Calderón opted for using price ceilings for tortillas that protect local producers of corn. This price control came in the form of a "Tortilla Price Stabilization Pact" between the government and many of the main tortilla producing companies, including Grupo Maseca and Bimbo, to put a price ceiling at MXN 8.50 per kilogram of tortilla. [6]
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
Software used: Federal Digital System, U. S. Government Publishing Office: Date and time of digitizing: 19:08, 24 January 2017: File change date and time
President-elect Donald Trump promised Monday that one of his first acts as commander-in-chief will be to impose a sweeping 25% tariff on all products imported from Canada and Mexico.
The rise in price—known in Mexico as the gasolinazo —was a result of president Enrique Peña Nieto's privatization of the Mexican oil industry. Other factors that led to the protests include high inflation , a weak peso , widespread violence due to the Mexican Drug War , and Peña Nieto's low approval rating and corruption allegations.
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...
The loan guarantees allowed Mexico to restructure its short-term public debt and improve market liquidity. [ 2 ] : 10–11 Of the approximately $50 billion assembled in the bailout, $20 billion was contributed by the United States, $17.8 billion by the IMF, $10 billion by the BIS, $1 billion by a consortium of Latin American nations, and CAD $1 ...
If you’re stuck on today’s Wordle answer, we’re here to help—but beware of spoilers for Wordle 1258 ahead. Let's start with a few hints.