Write True or False to the Statements Below

question 44

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-Because the Dutch had used Indonesia largely for its tropical crops and invested little in transportation, health, or education in the region, Indonesia was extremely poor when it gained its independence from the Netherlands in 1949.

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Definitions:

Correlated Risks

Risks that are linked in such a way that the occurrence of one affects the likelihood of the occurrence of another.

Agricultural Industry

The sector of the economy that deals with the production, processing, and distribution of food, fibers, and other goods derived from farming and related activities.

Screening

Using observable information about people to make inferences about their private information; a way to reduce adverse selection.

Adverse Selection

A situation in which asymmetrical information leads buyers or sellers to make counterproductive choices, often observed in insurance markets.