If butter and margarine are substitutes, then an increase in the price of butter will reduce the demand for margarine.
Answer the following statement true (T) or false (F)
False
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Improving the education level of the labor force will
A. shift the production possibilities curve inward. B. not shift the production possibilities curve since the total size of the labor force has not been changed. C. shift the production possibilities curve outward. D. cause a movement from a point inside the production possibilities curve to a point on the curve.
In simultaneous move Bayesian games, a player's beliefs are fully given by the probability distribution used by "Nature" to assign types.
Answer the following statement true (T) or false (F)
Refer to the accompanying figures. If the price of soda is $1.25 per can, then the quantity of soda demanded in the market each month is: 
A. 30. B. 10. C. 0. D. 40.
Briefly distinguish between a forward foreign exchange contract and a currency futures contract.
What will be an ideal response?