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Topic:

Macroeconomic Discussion

Coursework Instructions:

Instructions:
Read and respond to the discussion prompt below. You will need to post your original response to the prompt in BOTH this discussion board as well as in the corresponding Assignment with a plagiarism checker linked here.
Note: If you do not submit in both the discussion board and assignment, you will not receive credit for your initial post and you will receive an 80-point penalty for this task.
For This discussion you will have the opportunity to work in a group format for questions 1 - 4 of up to 4 students. In this case at the top of your Discussion Posting you MUST include the names of EACH group members that participated on the work. PLEASE NOTE : all answers must be submitted individually on Canvas by each member of the group Discussion Board as well as the Assignment Tab.
Question 5, which is The reply to another student MUST be submit individually. You can only reply to a member of another group. In other words, YOU CAN NOT REPLY TO ANY OF YOUR GROUP MEMBERS. Also, VERY IMPORTANT: the group format is absolutely a choice. Make sure that your group partners share their part in time so you have time to review and approve his or her work. Suggestion at least 3 days before final submission, you should have received the material from group members so you can review it. Because if there is a need for improvement you need to talk to your partner. The lack of quality can affect your grade. If your partners does not honor his or her part, you are still liable to submit all the answers in your name only.

Prompt:
We have covered opportunity cost
Democracy tends to be an environment where people have pretty similar opportunities. However, throughout the world we have seen people questioning some facts on countries caring Democracy and its ability to sustain development, innovation, sustainability, and efficiency.
In some countries such as the United States some segments of society have been facing discrimination on their access to funds in the Financial Markets. On January 17th US Treasury Secretary, Ms Janet Yellen addressed the nation on this topic.
Here you will find a couple of articles to help you address the topic.
Latino-owned businesses are achieving record growth, but big banks still won't fund them (Links to an external site.)

Latino-owned businesses are achieving record growth, but big banks still...
Brandon Gomez
Latino businesses are growing sales across industries faster that any other group of entrepreneurs, but national...
Yellen, in MLK Address, Says Economy ‘Never Worked Fairly for Black Americans’ (Links to an external site.)

Yellen, in MLK Address, Says Economy ‘Never Worked Fairly for Black Amer...
Simon Kennedy
Treasury Secretary Janet Yellen marked Martin Luther King Day by declaring that the U.S. economy has “never work...
‘Puro cash’: Latinos are opening more small businesses than anyone else in the US (Links to an external site.)

‘Puro cash’: Latinos are opening more small businesses than anyone else ...
Despite the opportunity gap between Latinos and other Americans, Latinos have become the fastest-growing small b...
Black-owned businesses face a system set up against them. COVID-19 makes it worse (Links to an external site.)

Black-owned businesses face a system set up against them. COVID-19 makes...
The coronavirus-related closures hurt many small businesses. But before that, Black-owned businesses already fac...

Based on the links above and research that you can conduct by yourself please answer these questions in detail
1) What is the opportunity cost for Blacks, Browns and Latinos of the lack of funds granted to their business ? (20 points)
2) What is the opportunity cost to society and economy at large of the lack of funds approved to Blacks, Browns and Latinos ? Explain in detail, offer evidence from one of the links above and provide sources - maximum of 2 sources ( 40 points)
3) What could be done in order to improve this inequality aspect of the financial markets and consequently the economy? Opinion based (10 points)
4)Bibliography (10 points)
5) After submitting answers 1 to 4, go back to your Discussion before Wednesday January 26th and analyze answers 1, 2, and 3 of another student. You must state and explain what you agree or disagree with the posting you are analyzing, use a quote from the student you are analyzing to support your analyses. As well as ask a question t this other student. You just need to analyze for 1 classmate. Post your analyses, it should have between 100 to 200 words. (20 points)

Coursework Sample Content Preview:

Macroeconomic Discussion
Author’s Name
Institutional Affiliation
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Date
Macroeconomic Discussion
Answer 1
An opportunity cost refers to the lost benefit or value that a business or individual would have incurred by engaging in a particular activity. In the scenario at hand, Blacks, Latinos, and Browns do not have the opportunity cost of being granted business loans for running their small firms. For sure, at times, it can be difficult to cater to all business costs without external funding. Without money, a business cannot withstand challenges that might arise, which becomes even more devastating if the firm cannot access a loan from financial institutions (Masunaga & Avery, 2020). Besides, this is the problem encountered by Latino, Brown, or Black-owned businesses in the United States of America (USA). Although Latino-owned small firms are the fastest growing in the USA, these individuals face systemic racism that hinders them from getting business loans to expand their enterprises. However, based on a 2019 Stanford Study, these firms contribute approximately $500 billion to the economy annually (McDonald, 2020). Consequently, it is difficult to understand why banks fail to give people from specific community business loans. 
Answer 2
The opportunity cost to society and the economy is limited by the lack of funds approved to Latinos, Blacks, and Browns to start, operate, and expand their businesses. Janet Yellen, the treasury secretary, acknowledged through her speech during Martin Luther King (MLK) Day that the USA economy has never worked equally for the people of color (Helmore, 2022). These Americans suffer since they are denied the privileges to get resources, such as business loans, to run their firms. These communities are well-known for running numerous small businesses that benefit the economy, to make matters worse. Latinos are renowned for starting and running successful businesses across different industries. There has been a 34% growth of Latino businesses in the last ten years compared to only 1% for other small firms (Gomez, 2021). A Stanford report showed that only 20% of Latino-owned firms that applied for loans from the national bank received funding as opposed to 50% of w...
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