Luis Inacio ("Lula") da Silva, who previously served two terms as President of Brazil, could potentially beat Brazil's current president, Jair Bolsonaro, in the upcoming presidential election in 2022. Although Bolsonaro's economic policies have generally been favorable to business, Lula is founder of the Partido dos Trabalhadores (PT), or Workers' Party, which originally favored socialist policies. Which of the following might be a reason for managers of multinational corporations to stay in Brazil (rather than pull out of Brazil entirely) if Lula wins the election?

Group of answer choices

1. During his previous terms in office, Lula's policies were more business-friendly than many investors expected
2. To succeed in Brazil, many analysts recommend that investors have a long term perspective
3. Both statements listed here are correct statements