How can a country gain from specialization and trade? a. a country can specialize in producing that for which it has an absolute advantage and then trade for other needed goods and services. b. a country can specialize by using all available resources to produce goods and services to avoid trading with other countries. c. a country can specialize in producing that for which it has a comparative advantage and then trade for other needed goods and services. d. a country can specialize by using all available resources to invest in capital goods to promote economic growth. e. a country can specialize in producing that which is most scarce and then trade for other needed goods and services

A country can specialize in producing that for which it has a comparative advantage and then trade for other needed goods and services.

Explanation:

Gulf countries are rich in oil reserves so they have comparative advantage over other countries in producing mineral oil . So they produce oil and trade it with other countries in exchange with other goods in which it has disadvantage  in  producing . This leads to wealth creation with optimum utilization of resources on global scale.

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