TRUE or FALSE:

1. The GATT does not allow the governments of its Contracting States to pour government funds into the private sector in order to help the latter develop, as this may create undue advantage when that State's products reach the territories of other Contracting States where the private sector fends for themselves.
2. Contracting States of the New York Convention respects and recognizes private agreements to submit commercial controversies to arbitration, and likewise will not disturb awards in pursuit of that arbitration agreement even if granted in other States.
3. All matters, as long as they are mentioned in a commercial contract, are arbitrable.
4. Non-contracting States may gain accession to the WTO.
5. In carriage by air, liability is the rule and exemption the exception.