1. When the government subsidizes investment, such as with an investment tax credit, the subsidy often applies to only some types of investment. This question asks you to consider the effect of such a change. Suppose there are two types of investment in the economy: business investment and residential investment. In addition, suppose that the government institutes an investment tax credit that applies only to business investment.
2. How does this policy affect the demand curve for business investment? The demand curve for residential investment?
3. Draw the economy's supply and demand for loanable funds graph. How does this policy affect the supply of and demand for loans? What happens to the equilibrium interest rate?
4. Compare the old and the new equilibrium. How does this policy affect the total quantity of investment? The quantity of residential investment?
5. Consider an economy with a government controlled (exogenous) saving rate (s), exogenous population growth (n), a fixed depreciation rate (d), but no technical progress (g=0). Suppose this economy is at steady state and has a relatively low saving rate so that its steady state capital labor ratio is below its golden rule capital labor ratio.
6. Write down the fundamental equation of growth (capital accumulation equation), draw a graph of its major components to illustrate the concept of steady state. On your graph, show the golden rule capital labor ratio.
7. Fully explain the economic intuition behind thestabilityof steady state. Explain the adavantages of maintaining a capital labor ratio at the golden rule level.
8. Suppose the government increased the saving rate to ensure enough investment to maintain the golden rule capital labor ratio as a steady state. Using graphs and written explanation, describe thetransitionof the economy from its initial steady state to the golden rule with the new higher saving rate. What happens to consumption and income per person (in levels and growth rates) in thetransitionperiod and in the new steady state. Are the growth rates of consumption and income per worker different in the two steady states?
9. Why might a benevolent government choose not to implement such a policy?

Steve Jobs and his friend Steve Wozniak were self-taught engineers who created one of the most popular, revolutionary, technology brand, "Apple". Steve Jobs was not the first person to have an idea to create user-friendly computer, and he was not the first person to come up with an idea about music players or smartphones, but he was the first person to implement them. He covered potential ideas and then implemented them in ways that no one had ever dreamed of before. Apple products, whether they be a computer, laptop, iPod, iPhone, iTunes, or otherwise, are featured everywhere. Not only Apple products are of high quality technological items, but the company also has superior branding and a strong company image making them, one of the most popular and easily recognizable brands in the world.

A. From this example, identify and explain any four traits/characteristics of Steve Jobs that helped him to be successful in his business.

B. What are the factors/reasons that support the success of Apple Company?r