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Tulip Mania is often cited as one of the first economic bubbles. What key aspect made the Tulip Mania of the 1630s particularly strange? Question
Tulip Mania is often cited as one of the first economic bubbles. What key aspect made the Tulip Mania of the 1630s particularly strange? Question 2Answer a. The legal mechanisms to enforce futures contracts were robust. b. Tulip bulbs inherently have no functional utility. c. It was the first time futures contracts were used. d. The bubble did not have any significant impact on the economy. e. It demonstrated that the price of a good need not be connected to its functional utility
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