2. Probably Only Xe and one other [Kr] among the Noble/Inert gases form the compounds. Why is it so if they have a complete and stable octet and If they do why other Inert gases don't?
The noble gases have full valence electron shells. Valence electrons are the outermost electrons of an atom and are normally the only electrons that participate in chemical bonding. Atoms with full valence electron shells are extremely stable and therefore do not tend to form chemical bonds and have little tendency to gain or lose electrons. However, heavier noble gases such as radon are held less firmly together by electromagnetic force than lighter noble gases such as helium, making it easier to remove outer electrons from heavy noble gases and thus to form compounds
The reactivity follows the order Ne < He < Ar < Kr < Xe < Rn.
In theory, radon is more reactive than xenon, and therefore should form chemical bonds more easily than xenon does. However, due to the high radioactivity and short half-life of radon isotopes, only a few fluorides and oxides of radon have been formed in practice though xenon has many compounds in comparison to radon.
Krypton is less reactive than xenon, but several compounds have been reported with krypton in the oxidation state of +2. Krypton difluoride is the most notable and easily characterized. Compounds in which krypton forms a single bond to nitrogen and oxygen have also been characterized, but are only stable below −60 °C (−76 °F) and −90 °C (−130 °F) respectively).
Krypton atoms chemically bound to other nonmetals (hydrogen, chlorine, carbon) as well as some late transition metals (copper, silver, gold) have also been observed, but only either at low temperatures in noble gas matrices, or in supersonic noble gas jets. Similar conditions were used to obtain the first few compounds of argon in 2000, such as argon fluorohydride (HArF), and some bound to the late transition metals copper, silver, and gold. As of 2007, no stable neutral molecules involving covalently bound helium or neon are known.
The noble gases—including helium—can form stable molecular ions in the gas phase. The simplest is the helium hydride molecular ion, HeH+, discovered in 1925. Because it is composed of the two most abundant elements in the universe, hydrogen and helium, it is believed to occur naturally in the interstellar medium, although it has not been detected yet. In addition to these ions, there are many known neutral excimers of the noble gases. These are compounds such as ArF and KrF that are stable only when in an excited electronic state; some of them find application in excimer lasers.
In addition to the compounds where a noble gas atom is involved in a covalent bond, noble gases also form non-covalent compounds. The clathrates, first described in 1949, consist of a noble gas atom trapped within cavities of crystal lattices of certain organic and inorganic substances. The essential condition for their formation is that the guest (noble gas) atoms must be of appropriate size to fit in the cavities of the host crystal lattice. For instance, argon, krypton, and xenon form clathrates with hydroquinone, but helium and neon do not because they are too small or insufficiently polarizable to be retained. Neon, argon, krypton, and xenon also form clathrate hydrates, where the noble gas is trapped in ice
For more info see http://en.wikipedia.org/wiki/Noble_gas
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