Questions Brief Background: COVID-19 initially started as supply-chain and demand shocks to U.S. firms as Chinese suppliers reduced their output and Chinese consumers slowed purchases of finished U.S. goods. This represented two initial shocks to U.S. firms. As COVID-19 spread to and throughout the U.S. a third set of shocks hit markets. These shocks came from local and regional shelter-in-place orders, telework, lower overall demand, business closures, policy decisions, and more. Two of the hardest hit sectors have been services (e.g., non-rural tourist destinations, hotels, & barbershops) and retail. 2. Capital COVID-19 made it harder to predict the future. From a lender's perspective, this lack of information and the weak economy increased risk. a. What does increased risk do to the cost of borrowing? b. What about rural areas and the industries located there make it more risky to lend to? C. What about rural areas and the industries located there make it less risky to lend ta