VP
Joined: 18 Dec 2017
Posts: 1170
Location: United States (KS)
GMAT 1: 600 Q46 V27
Re: In the early 1960s, Myanmar was the richest country in Asia,
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27 Jul 2019, 13:05
[quote="carcass"]In the early 1960s, Myanmar was the richest country in Asia, but then it closed its economy to the outside world and is now the poorest country in the region. However, Myanmar is now opening up its economy to the outside world once again, and so will soon regain its former glory. Thus it makes sense for smart investors to invest in Myanmar.
Which of the following is an assumption on which the argument depends?
(A) A closed economy will rapidly deplete the financial resources of a country
(B) The countries that dealt with Myanmar in 1962 will still be interested in dealing with it
(C) If Myanmar does not open up its economy to the outside world, it will continue to remain poor.
(D) The severe internal unrest that has continued in Myanmar for the last several years is not responsible for its current financial state.
(E) At least some smart investors are currently aware of Myanmar’s past glory
My Approach:
A. Kinda a fact so ignore.
E. It is fair to say that some investors are aware but it doesn't assume anything for the conclusion/argument.
B. Lol. What if it is 2090 and the company does not even exists.
D. The author is assuming that may be there were several reasons for internal unrest and if those still continue then economy will not boom as expected. Makes sense.
C. May be true May be not.
D It is