FGV Economia 2010 – Questão 80

Linguagens / Inglês / Tenses / The present perfect tense
Brazil is More Than Soccer and ‘Carnival’
July 24, 2009
Many investors rarely think about Brazil as a place to put their investment dollars. They think Brazil is just a country that goes crazy over soccer and has a wild ‘Carnival’ every year in Rio. But Brazil is so much more. They may have the best economy in the Americas. Brazil has made great strides under current President Luiz Inacio Lula da Silva, commonly known as Lula.
Lula took office on January 1, 2003 and he has, since being in office, run a very orthodox fiscal policy. The country has maintained fiscal and trade surpluses for the better part of his presidency.
Brazil’s highly capable Central Bank has followed a very strong monetary policy. They have maintained high levels of real interest rates, which prevented the economy from overheating and creating an over-expansion of credit − unlike the policies of others like the Federal Reserve.
In late April, the Brazilian Central Bank cut their interest rate from 11.25% to 10.25%. This leaves them plenty of room to cut interest rates further, if necessary, to stimulate the Brazilian economy. Again, this distinguishes the Brazilian Central Bank from the Federal Reserve and others, who have left themselves virtually no room to cut interest rates further.
Also, Brazil has long pursued a strategy of achieving energy independence from foreign oil. Brazil started its own ethanol program − based on its rich sugar crop and offshore oil exploration using deep-sea drilling methods. It’s achieved a remarkable degree of energy selfsufficiency − again setting it apart from much of the rest of the world.
Brazil, unlike the United States and other economies, is not over-levered − It has prudent fiscal and monetary policies, balanced and diversified trade, along with a coherent energy policy. It leaves the country well positioned for the future.
www.istockanalyst.com/article/viewarticle/articleid/3370044# (adaptado)
No trecho do quinto parágrafo do texto − It’s achieved a remarkable degree of energy self-sufficiency (...) − o "’s" em "It’s" pode ser corretamente substituído por:
a) has
b) goes
c) was
d) does
e) is

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