To balance the powers between federal state and local governments.
Based on comparative advantage and the situation described above, <u>the country that would benefit is Canada, while the country would be at a disadvantage in the United States.</u>
<h3>What is Comparative Advantage?</h3>
Comparative Advantage is the economic term used to describe the economy's ability of a company or country to manufacture a specific commodity or service at a cheaper opportunity cost than its trading partners.
Therefore, currently, Canada is known to have many industries in the oil, such as petroleum and natural gas. Therefore, Canada can quickly produce and trade oil at cheaper production costs with the United States.
However, United States' top industry does not include auto part production; therefore, to trade auto parts with Canada would be expensive to the United States.
Hence, in this case, it is concluded that the correct answer is Canada would benefit, while the United States would be at a disadvantage.
Learn more about Comparative Advantage here: brainly.com/question/7045530
Answer: The term for the house loan is MORTGAGE and the house is considered COLLATERAL for the loan should Quincy default on his loan.
Mortgage is defined as the act of borrowing against a property, to obtain a loan for another purpose by giving away the right of seizure to the lender over a fixed property such as a house or piece of land.
Collateral is defined as a security or guarantee pledged for the repayment of a loan if one cannot procure enough funds to repay.
They can provide the country with money and supplies like the US did in the early parts of world war I and World War II.
