True or False and Explain please:

1. The index in an index insurance contract should be highly correlated with the actions that farmers take to reduce the probability of harvest failure.

2. The Net Benefit Ration (NBR) captures how a specific price change is likely to affect a given household.

3. Household members tend to have different preferences, but empirical evidence shows that overall, most households are Pareto efficient.

4. For risk averse individuals, having a greater ability to do consumption smoothing means they are more likely to choose profitable but risky activities.

5. If a subsistence household becomes able to trade goods and services on the market, they will be able to shift to a higher indifference curve.

6. Corruption tends to put the heaviest burden on poorer households.

7. If the price of a staple food grown and consumed by a household falls, the income effect implies that the household will consume more of that staple good because they feel wealthier in real terms.

8. One potential source of selection bias in Jensen's paper on mobile phones in Kerala, India is that fishermen without a cellphone can still benefit.

9. Two countries with the same Gini coefficient have the same Lorenz curve.

10. Adverse selection in insurance occurs when the most risk averse individuals with the lowest risk exposure choose to buy insurance.

11. Limited access to insurance is often a constraint faced by smallholder farmers that hinders agricultural productivity.

12. Borrowers are always better off under asymmetric information than symmetric information.

13. The Total Poverty Gap is the total income needed to eliminate poverty, normalized by the total income in society.

14. Moral hazard is important in credit markets, but not in insurance markets.

15. By increasing the interest rate, it is possible that a lender facing adverse selection may reduce her own expected profit.