4. If labor costs $50 an hour and the company's product sells for $15 a unit, how many people should this company hire. Why? (12 pts) Workers Total Physical Product per hour cost 3 10 QUIP WN HC 18 23 26 28 5. Countries often exclude foreign products from their domestic market. Name and explain the three ways that this is done. (12 pts)Essay. 40 points. (Enjoy.) Then Japanese agricultural minister Masami Tanabu on rice imports, which were bain ed in his country at the time: "A country imports something which it is unable to supply by itself ! prefer not to talk about imports of something which a country is able to produce enough of I think that is what trade should be." Using everything that you've learned, critique Mr. Tanabu's statement. What sort of view of trade is this? Would David Richardo have approved of this policy? Who benefits and loses from this Japanese policy? (Note: Japanese consumers were paying several times the world price for rice, their main staple, at the time Tanabu made his remarks)