QUESTION 1

The curves in the diagram below represent the supply of U.S. made cotton t-shirts in 2017 and 2018, respectively. Which of the following policy changes during this time period would not account for the shift in supply curves? P 2018 2017 O A new federal ban on certain pesticides that had been heavily used on U.S. cotton crops. O a. A higher federal minimum wage requirement for farmworkers, including those working in cotton. O b. Decreased safety requirements in t-shirt factories, allowing the speed-up of production processes. O c. A new tax on all manufacturing machinery used in the garment industry. O d. All of the above.Which of the following externalities is best represented by the graph below? Price Marginal S=PMIC Benefit . MIR C Deadweight Loss with Externality Social Marginal Benefit SMB -PMB + MB D= PMB Quantity Underproduction: Q1