Marcos’ finance undersecretary asked to resign over Facebook post vs rice price cap

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Disagreeing with the President's contentious economic policy comes with a price

Multiple sources confirmed to reporters that Magno’s resignation will be effective September 16. She will also return to teach at the University of the Philippines , where she previously taught public finance and microeconomics.

In a Facebook post, which has been set to “for friends” only, Magno posted a photo showing the chart of the law of supply and demand, perhaps the most basic of all charts in economics. In economic theory, setting mandatory price caps would generate increased demand and decreased supply, leading to a shortage. Marcos’ economic managers supported the price ceiling on rice, with Diokno even tweeting that it would be effective in the near-term.Marcos’ economic managers supported the price ceiling on rice, with Diokno even tweeting that it would be effective in the near-term.

To manage upward pressures in rice prices, price controls on rice through EO No. 39 serves as a short-term measure against non-competitive practices by some market players. Price controls, when carefully calibrated and closely implemented, are effective in the near-term.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Marcos’ finance undersecretary asked to resign over Facebook post vs rice price capDisagreeing with the President's contentious economic policy comes with a price
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »

Marcos to bring home $22-M investments from Indonesian companiesPRESIDENT Ferdinand Marcos Jr. secured on Tuesday, September 5, 2023, $22 million worth of investments from leading companies in Indonesia.Marcos met with the top executives of...
La source: sunstaronline - 🏆 18. / 59 Lire la suite »