QUESTION 8 Select all that are true regarding how public policy affects returns on investment Unilateral changes or expected changes between countries create an arbitrage opportunity for international investment Fiscal policy differences between countries alter the risk of investment and create an arbitrage opportunty for international investors Changes in monetary policy have an immediate effect on investment returns Fiscal policy is generally long term (public investment, public debt) which affects the context of investment but does not affect return much Sudden changes in fiscal policy, especially taxes and subsidies, can alter near term returns Monetary policy affects investments returns but NOT the costs to firms or households