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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.
This price control came in the form of the 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 8.50 pesos per kilogram of tortilla. The hope was that a ceiling on corn prices would provide incentive for the market to lower all ...
Bank of Mexico board member Jonathan Heath on Tuesday cautioned on implementing price controls to tackle inflation, saying the measures only work in the short term. "My personal opinion is that ...
On the campaign trail, Trump proposed imposing blanket tariffs of 10% to 20% on virtually all imports. He also floated slapping tariffs higher than 200% on Mexican-made automobiles, explaining ...
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
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