Question 3 (To be completed in Word document only) (12.5+12.5 Marks): a) The stock markets around the world crashed at the beginning of the COVID-19 pandemic in March 2020. However, the US markets have recovered more quickly than most other markets despite suffering from more Coronavirus cases and deaths than any other countries. For example, the Standard and Poor 500 stock index in the US increased by about 62% from the end of March to the end of November. Research and discuss what you think are the factors that have driven such a quick recovery. b) As Australia is looking forward to the post-pandemic period after controlling for the COVID-19 and the introduction of the COVID vaccines from next year, what industry sectors do you think are more likely to outperform others in the stock market? You will need to discuss and support your industries/opinions with research and references. Question 3 Requirements a. The marking of this part will be based on research quality. Students need to undertake comprehensive research using a number of available resources. Each group needs to cite at least 5 scholarly references as evidence of their research. Failing to reach this minimum level will result in losing marks. Scholarly references include book chapters, articles published by mainstream media (paper press and/or website resources) and peer-reviewed journal articles. Wikipedia or Investopedia CANNOT be used as an academic reference. b. Word limit: 500 words for Part A and 500 words for Part B (+/- 10%; Including in-text citation)