Identify whether the following statements about the economics of taxes are true or false.

a. The incidence of a tax is determined by which group (buyers or sellers) must write the check to the government.
i. True
ii. False
b. When the price elasticity of demand is low and the price elasticity of supply is high, the burden of a tax falls mainly on producers.
i. True
ii. False
c. The effect of an excise (or commodity) tax on the equilibrium price is the same regardless of who the tax is levied upon.
i. True
ii. False
d. When the price elasticity of demand is high and the price elasticity of supply is low, the burden of a tax falls mainly on consumers.
i. True
ii. False
e. An excise tax can distort incentives and create missed opportunities for mutually beneficial transactions.
i. True
ii. False

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy.the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.