In 1940 _____ of the population over 25 had a college degree

If a nation starts out with very little capital

A. it is doomed to eternal poverty because it will not be able to divert productive resources from producing consumer goods to producing capital goods. B. it can quite easily divert some resources from producing consumer goods to producing capital goods. C. if it possesses a valuable commodity that the industrial world wants such as oil, it can sell its oil in exchange for plant and equipment and thus industrialize. D. None of the choices are true.

The firm's short-run supply curve runs up the marginal cost curve

A. to the shutdown point. B. from the shutdown point all the way up the curve. C. to the break-even point. D. from the break-even point all the way up the curve.