A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future

Economists assume that individuals make informed decisions and act in their own self-interest

Indicate whether the statement is true or false

When institutions do not protect private property rights, do not uphold contracts, interfere with the working of markets and instead erect significant barriers into businesses and occupations, they are referred to as:

A) transitive economic institutions. B) extractive economic institutions. C) inclusive economic institutions. D) exclusive economic institutions.