A. Modified True or False. Write TRUE if the given statement is correct. If incorrect, change the underline word or phrase to make the statement correct. Write your answers on the space provided. 1. A nation functions as a cultural and psychological entity, whereas a state exists as a political unit. 2. The terms "state", "nation" and "government” are used interchangeably becaus many people think that these terms mean the same thing. 3. The term state was derived from a Latin word that means "born". 4. A state is a political unit in charge of the conduct of its own affairs. a 5. A developed country is a state inhabited by people who identify themselves as a natio on account of a common culture, history, and language, among others. territorial nation 6. A is populated by ethnic a single grou 7. The four elements of s states are people, government, territory, and sovereignty. 8. Article I of the 1987 Constitution defines the territory of the Philippines. 9. The shaping of client economies is primarily done by non-government organizatie of the developed world. 10. The World Bank promotes international monetary stability and cooperation.​