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You can indeed enter hyperlinks in your form.
Click on Text and the text field will be added to the form, click on Edit HTML
After that, the following screen will pop up:
Write the desired text,highlight it, the link icon will become active, click on it and the Insert/edit link screen will pop up, fill in the blanks.
You can also list the URL's in a dropdown field, however, selecting those URL's from the dropdown will not forward the user to the webpage. If they click on the link from the text field in the example above, they will be have the link opened.