In the market of ferrari automobiles, the tax policy of italian government is:

Expert Solution

ANS : if Sales of luxury Ferrari and Maserati cars have slumped in the land of their birth as Italy's financial and economic woes bite even the richest Italians,because industry figures have revealed. how ever Last year, Ferrari saw sales in its home market fall by more than 56%, while those at Maserati slumped 72%. Just 248 Italians bought a Ferrari last year.

the make of Italy is in recession, and the government is continuing with austerity measures to trim its deficit. The head of the Italian motor traders'traders' and federation Federauto, Filippo Pavan Bernacchi, blamed "an overdose of taxes aimed at hitting, if not criminalising, the acquisition, ownership and as well as use of cars". how ever In addition to taxing motoring directly, Italian authorities have also been specifically targeting the owners of Ferraris and other supercars to check that they are paying enough tax.

Rahul Sunny answered 1 year ago

Which economic policy tools has the Italian government used in 2020 to lower the impact of...

Which economic policy tools has the Italian government used in 2020 to lower the impact of the pandemic on Italian economy? What policy tools ECB has used to support the Euro-zone? Explain how these tools are expected to help the Italian economy. Would you have used these tools? Explain why or why not?

1 Current government policy In this year, the US government decide to cut tax to stimulate...

1 Current government policy In this year, the US government decide to cut tax to stimulate economic growth. Meantime, the US government raise the tariff against a list of imported goods from Asian countries. Use the open economy IS? ?LM? model to graphically explain how a combination of the fiscal and trade policy will affect the real exchange rate and the real output in equilibrium.

Suppose that in the market for coffee, the government decides to impose a tax on the...

Suppose that in the market for coffee, the government decides to impose a tax on the consumption of coffee. Illustrate the equilibrium market for coffee reflecting the new tax. On your graph, label the new price that consumers pay as Pc On your graph, label the new price that sellers receive as Ps On your graph, shade in the area representing the tax revenue received by the government and label it (TR). On your graph, shade in the area of...

5. The market for loanable funds and government policy The following graph shows the market for...

5. The market for loanable funds and government policy The following graph shows the market for loanable funds. For each of the given scenarios, adjust the appropriate curve on the graph to help you complete the questions that follow. Treat each scenario separately by resetting the graph to its original state before examining the effect of each individual scenario. (Note: You will not be graded on any changes you make to the graph.) DemandSupplyINTEREST RATE (Percent)LOANABLE FUNDS (Billions of dollars)Demand Supply ...

The market for loanable funds and government policy The following graph shows the market for loanable...

The market for loanable funds and government policy The following graph shows the market for loanable funds. For each of the given scenarios, adjust the appropriate curve on the graph to help you complete the questions that follow. Treat each scenario separately by resetting the graph to its original state before examining the effect of each individual scenario. (Note: You will not be graded on any changes you make to the graph.) Demand Supply INTEREST RATE (Percent) LOANABLE FUNDS (Billions...

The government imposes a tax on a market. What are the 4 market clearing conditions after...

The government imposes a tax on a market. What are the 4 market clearing conditions after a tax is in place? a. Write each condition out. Make sure you understand how to solve for equilibrium P and Q with a tax.

32. Suppose that in the market for coffee, the government decides to impose a tax on...

32. Suppose that in the market for coffee, the government decides to impose a tax on the consumption of coffee. a. Illustrate the equilibrium market for coffee reflecting the new tax. b. On your graph, label the new price that consumers pay as Pc c. On your graph, label the new price that sellers receive as Ps d. On your graph, shade in the area representing the tax revenue received by the government and label it (TR). e. On your...

Explain the concept of market failure. Give an example of a government policy or action to...

Explain the concept of market failure. Give an example of a government policy or action to deal with market failure

A certain market is in equilibrium with unemployment. The government decided to adopt a policy which...

A certain market is in equilibrium with unemployment. The government decided to adopt a policy which encourages imports. As a result: a. The interest rate declined, private consumption declined, and the change in investment cannot be determined. b. The interest rate declined, private consumption and investments declined. c. The interest rate rose, private consumption rose, and the change in investment cannot be determined. d. The change in the interest rate cannot be determined. e. All of the other answers are...

In attempts to correct market failures, a government policy is proposed. Assume that the costs of...

In attempts to correct market failures, a government policy is proposed. Assume that the costs of a potential new government program will be paid now by many individuals. The benefits will be received by a relatively small number of individuals several years in the future. Why might these conditions affect a government's success or failure in attempting to decide whether or not to establish the new program?

Question