In the early 1960s, Myanmar was the richest country in Asia,

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 Irrelevant

(B) The countries that dealt with Myanmar in 1962 will still be interested in dealing with it What if other countries are now interested?

(C) If Myanmar does not open up its economy to the outside world, it will continue to remain poor. Irrelevant

(D) The severe internal unrest that has continued in Myanmar for the last several years is not responsible for its current financial state. The current financial state is not important. We are interested in the past glory and the potentially futurenglory

(E) At least some smart investors are currently aware of Myanmar’s past glory

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

Since its asking for assumption..

My take is A.

Author is assuming that the economy fell only because the country closed its economy for outside world and will regain it once it opens again.

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

If Myianmar opens its economy , it will regain its past glory. In order for this to happen, there must be some smart investors who are aware of the country's past glory. Therefore, answer E.

I do not think D can be the answer...It just means there other reasons for the current financial state....what impact will that have on the conclusion....
IMO C or E must be the OA
However, i will go with C

Consider Kudos If my post helps!!

Archit

Ok guys time for OA and OE. Check the first post

Thanks for discussion

And Thanks for the question , Defintly this is a typical assumption question on the GMAT, in which all the answer choices seem close ..

BTW, what is the source ?

Hi rock what do you think about the level of this one ??

The last CR guide from aristotle prep. I think right now is the best CR guide, as Souvik also pointed out, out there.

Please give kudos if you like the question. as usual

Oh i was wrong......i picked e.Finally seeing all explanations i have understood where i was wrong.it was a tricky question for me

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

OE

Official Answer: D
Explanation
The argument concludes that the only reason why Myanmar became the poorest country in the
Asian region is because it closed its economy to the outside world. Thus it assumes that there can
be no other explanation for this fact. (D) is one such passive assumption, which has to be true for
the conclusion to be true. If you negate (D) then the argument will fall apart.
A. This may be inferred from the argument but is definitely not an assumption
B. Doesn’t necessarily have to be true. New countries may want to deal with Myanmar now.
C. Again this may be an inference but is not an assumption
D. The correct answer.
E. This is irrelevant to the argument