A country will choose to protect an industry to promote future comparative advantage instead of exploiting its current comparative advantage when: (a) The interest rate is high. (b) Time horizon of...

A country will choose to protect an industry to promote future comparative advantage instead of exploiting its

current comparative advantage when:

(a) The interest rate is high.

(b) Time horizon of decision-making is long.

(c) There are fixed cost in technology investments.

(d) The growth rate of expertise is low.