PART A: What is the central idea of the text?ATulip mania created a new species of tulip that is popular today. BTulip mania caused many countries to develop their own tulip markets. CTulip mania refers to the rapid rise and fall of tulips in p

Answer is C

Explanation:

Tulips are large brightly colored flowers. Tulip mania can be referred to as a period in the 17th century when prices of tulips in the Netherlands (Holland) skyrocketed. It was generally referred to as the 'first financial bubble'.

Financial bubble can be defined as period when there occurred a massive rise in the price of an asset or sector, which resulted in 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.

Amazingly, the prices of the tulips suddenly collapsed due to a massive sell-off and many people who have sold their properties to get the tulips went bankrupt.

evertheless he ought to be slow to believe and to act, nor should he himself show fear, but proceed in a temperate manner with prudence and humanity, so that too much confidence may not make him incautious and too much distrust render him intolerable.

explanation: