Final answer:
Penelope demonstrates caution and loyalty in the second part of 'The Odyssey' by cleverly avoiding remarriage and devising a way to test her suitors with Odysseus's bow, embodying hope and perseverance. The correct option is caution and loyalty.
Step-by-step explanation:
In the second part of The Odyssey, the character traits that Penelope reveals are caution and loyalty. Despite the long absence of her husband Odysseus, Penelope remains loyal to him by cleverly avoiding remarriage to any of the many suitors who pursue her. Her caution is evident in the way she carefully navigates the difficult situation she is in, such as when she devises the task of stringing Odysseus's bow to test the suitors, which ultimately leads to Odysseus's successful reclaim of his household. Penelope's character remains complex, as she is often seen weaving and unweaving a shroud as a symbol of her hope and perseverance, maintaining her loyalty to Odysseus while being cautious about her future and that of her son, Telemachus.