Figure: Upperia's Production and Consumption (Figure: Upperia's Production and Consumption)

question 3

Multiple Choice

Figure: Upperia's Production and Consumption (Figure: Upperia's Production and Consumption) The graph shows
Upperia's international trading pattern.Point P is production with trade,
And point C is consumption with trade.Which product does Home
Import?

• A)shoes
• B)shirts
• C)Home imports neither shirts nor shoes.
• D)Home imports both shirts and shoes.

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Definitions:

Gross Profit Ratio

A financial metric indicating the proportion of money left from revenues after accounting for the cost of goods sold, presented as a percentage.

Return on Sales Ratio

A financial metric that measures the efficiency of a company in generating profits from its sales by comparing net income to total sales revenue.

Liquidity

The ease with which assets can be converted into cash without significant loss in value, crucial for meeting immediate and short-term obligations.

Asset Management

The organized method of creating, managing, preserving, and trading assets in an economically efficient way.