Question 2. a. (2.5 points) Do you think that is fair that the EU blocks US cottonseed oil imports? Why or why not? b. (2.5 points) Describe the impact of U.S. agricultural subsidies on: (1) the incomes of US cotton farms, (ii) the U.S. taxpayer, and (iii) cotton growers in other countries. c. (5 points) Do you think the growing demand for organic cotton presents an opportunity for poor country cotton growers? Why or why not? What advantage might these growers have over their US competition? What disadvantage? d. (5 points) Explain the "race to the bottom" argument employed by the anti- globalization movement. What do you think? e. (5 points) Discuss the trend in apparel prices during the last decade. Is this trend related to international trade