Answer:
C
Explanation:
Tulip mania is a period in the 17th century when prices of tulips in the Netherlands went ridiculously high. It was referred to as the first financial bubble. It can be defined a massive rise in the price of an asset or sector, there occurs inflated prices due to positive-feedback cycle. The price of a single tulip becomes more expensive than a house and later, many investors realize that they are merely holding a tulip that they sold their houses for. Soon, the prices of the tulips collapsed due to a massive sell-off and many who have sold their properties to get the tulips went bankrupt.
Prepare !!! they don’t know that these questions will be on the upcoming test, but they are PREPARING for questions they expect will be on it !!
