1. Barone argued that there was no reason to believe that

a. Marx was right and Lenin wrong.

b. there would be substantial differences between resource allocations in capitalist and socialist economies.

c. prices could exist only under capitalism.

d. none of the above.

e. both a and c are correct.

2. Barone's contribution to the socialist controversy was to prove

a. the feasibility of planned capitalism.

b. the feasibility of Lange's method.

c. that an all-knowing planning board could rationally allocate resources.

d. that socialism is impossible.

e. none of the above.

3.Mises felt that socialist economic systems could

a. develop a system of relative scarcities by simulating markets.

b. force enterprises to demand resources rationally by imposing rules.

c. use computers to solve the problem of relative valuations.

d. answers a, b, and c are correct.

e. none of the above.