True-False-Uncertain

For each of the following statements, mark the answer True (if the statement is always true), False (if the statement is always false) or Uncertain. If your answer is FALSE, explain WHY the statement is incorrect; if your answer is UNCERTAIN, explain under what circumstances the statement is true and under what circumstances the statement is false. If the statement is TRUE, simply mark it as TRUE, no explanation needed. Your explanations do not need to be lengthy!

1. An "Edgeworth Box" (sometimes called an Edgeworth - Bowley Box) diagram can be used to show how trade between two individuals will lead to both trading partners, being better off and the distributional outcome become equitable.