Question

Home of Households, Inc., has an appliance manufacturing plant in the Chicago area. The company specializes in producing smaller washers and dryers for countries where consumers have less living space. Home of Households participates in the global market throughA. dumping.B. balancing trade.C. exporting.D. importing.

Answer 1

Home of Households, Inc. participates in the global market by exporting their domestically produced smaller washers and dryers to countries with consumers who have less living space.

Step-by-step explanation:

Home of Households, Inc., which produces smaller washers and dryers for markets with consumers having less living space, participates in the global market primarily through exporting. This involves selling their domestically manufactured appliances to buyers in foreign countries. By producing goods within the US and sending them overseas to meet foreign demand, they contribute to the international trade flow and the exchange of goods on a global scale. Home of Households, Inc. is not importing, as they are not bringing in goods from other countries; nor are they balancing trade, as this is a broader economic concept related to the trade deficit or surplus of a country. Dumping is a practice related to selling goods below market value and is not indicated as their strategy.

Answer 2

The correct option is C

Step-by-step explanation:

As company is producing or manufacturing in the area Chicago and produce or make the dryers and small washers for countries where the consumers have less living space. So, it participates in the global market by exporting. As exporting refers to exporting or transfer the goods to another country as they are produced in another country.