It is currently 21 Sep 2017, 12:47

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

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

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
TAGS:

### Hide Tags

Moderator
Joined: 01 Sep 2010
Posts: 3348

Kudos [?]: 8742 [3], given: 1138

In the early 1960s, Myanmar was the richest country in Asia, [#permalink]

### Show Tags

17 Mar 2013, 19:51
3
KUDOS
6
This post was
BOOKMARKED
00:00

Difficulty:

35% (medium)

Question Stats:

60% (01:10) correct 40% (01:08) wrong based on 450 sessions

### HideShow timer Statistics

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

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
[Reveal] Spoiler: OA

_________________

Kudos [?]: 8742 [3], given: 1138

Senior Manager
Status: Final Lap
Joined: 25 Oct 2012
Posts: 282

Kudos [?]: 385 [3], given: 85

Concentration: General Management, Entrepreneurship
GPA: 3.54
WE: Project Management (Retail Banking)
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 16:51
3
KUDOS
Hi,

Facts :

- Myanmar had a glory past and was the richest country in Asia
- Since Myanmar closed its economy, it is now the poorest country in the region.
- Myanmar plans to re-open its economy to the outside again

Conclusion :

- Myanmar will soon regain its former glory and smart investors should invest there.

(D) The severe internal unrest that has continued in Myanmar for the last several years is not responsible for its current financial state.

IMO D is the correct answer because if we negate it, then the second premise will not be valid at all .
Negating D means that the poor financial situation that Myanmar endures now was caused by factors other than those stemmed from the closed economy.
So without D, How a smart investor can be sure that the only reason behind this brutal decline( from the richest to the poorest) is the decision to close economy to outside and therefore can conclude that YES, Myanmar will re-open its economy to outside ,will soon become the richest country and this is A GREAT OPPORTUNITY ??
D fills the gap between the premise and the conclusion stating that investing in Myanmar is a great idea but the only reason for the brutal decline has to be the closed economy to outside.
_________________

KUDOS is the good manner to help the entire community.

"If you don't change your life, your life will change you"

Kudos [?]: 385 [3], given: 85

Manager
Joined: 04 Oct 2011
Posts: 218

Kudos [?]: 59 [1], given: 44

Location: India
Concentration: Entrepreneurship, International Business
GMAT 1: 440 Q33 V13
GPA: 3
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

17 Mar 2013, 20:39
1
KUDOS
carcass wrote:
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

Argument : Myanmar was poor because it closed it's economy to outside market. but now days will change. So investors will invest.
Assumption : Days will change only because Myanmar is going to open market. No other factors is leads to low economy of Myanmar.

(A) A closed economy will rapidly deplete the financial resources of a country
--- We are concerned about Myanmar. There is no generalization required here.
(B) The countries that dealt with Myanmar in 1962 will still be interested in dealing with it
--- No trace for countries that dealt with Myanmar in argument.
(C) If Myanmar does not open up its economy to the outside world, it will continue to remain poor.
--- (Ha.. this is interesting one) This is negation of our assumption, but this need not be true always.
(D) The severe internal unrest that has continued in Myanmar for the last several years is not responsible for its current financial state.
---- This states the exact reason why Myanmar was poor these many days and this is assumption
(E) At least some smart investors are currently aware of Myanmar’s past glory
--- No not exactly. this choice to particular about single sentence.

Guys pls correct me if im wrong...
_________________

GMAT - Practice, Patience, Persistence
Kudos if u like

Kudos [?]: 59 [1], given: 44

Senior Manager
Joined: 26 Jul 2010
Posts: 349

Kudos [?]: 61 [0], given: 41

Location: European union
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

17 Mar 2013, 22:09
carcass wrote:
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

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.

Kudos [?]: 61 [0], given: 41

Manager
Joined: 26 Feb 2012
Posts: 110

Kudos [?]: 21 [0], given: 56

Location: India
Concentration: General Management, Finance
WE: Engineering (Telecommunications)
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 04:39
Thus it makes sense for smart investors to invest in Myanmar.--Conclusion
(E) At least some smart investors are currently aware of Myanmar’s past glory--Correct
If they don't aware of past glory then they won't invest at all in Myanmar. If they don't invest then Myanmar will remain the poor country even if they open their economy to outer world.

Castigate me If i went wrong....

Rgds
Prasannajeet

Kudos [?]: 21 [0], given: 56

Manager
Joined: 19 Aug 2012
Posts: 56

Kudos [?]: 100 [0], given: 9

Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 13:24
carcass wrote:
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.
_________________

giving kudos is the best thing you can do for me..

Kudos [?]: 100 [0], given: 9

Manager
Status: struggling with GMAT
Joined: 06 Dec 2012
Posts: 206

Kudos [?]: 418 [0], given: 46

Concentration: Accounting
GMAT Date: 04-06-2013
GPA: 3.65
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 13:51
anish123ster wrote:
carcass wrote:
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 an assumption question we can get the answer by negating answer choice.The negated answer choice that attacks the argument will be the correct answer.In this argument

Premises : 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.

Counter Premises: However, Myanmar is now opening up its economy to the outside world once again, and so will soon regain its former glory.

Conclusion :Thus it makes sense for smart investors to invest in Myanmar.

(A) A closed economy will rapidly deplete the financial resources of a country .If We negate this answer choice by saying that A closed economy will not rapidly deplete the financial resources of the country.Thus it has no effect on conclusion.

(E) At least some smart investors are currently aware of Myanmar’s past glory.If we negate this answer choice by saying that None smart invertors are currently aware of Mayanmar`s past glory.It attacks the conclusion.thus its the answer.

If you find my post helpful then plz press kudos

Kudos [?]: 418 [0], given: 46

Moderator
Joined: 01 Sep 2010
Posts: 3348

Kudos [?]: 8742 [0], given: 1138

Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 14:29
Someone can kindly elaborate the answer E in more detail...........

Thanks
_________________

Kudos [?]: 8742 [0], given: 1138

Intern
Joined: 15 Feb 2013
Posts: 1

Kudos [?]: [0], given: 0

Concentration: General Management, Entrepreneurship
Schools: ISB '15
GPA: 3.65
WE: Consulting (Computer Software)
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 15:05
carcass wrote:
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

A - It is out of context . It talks about a generic conclusion i.e A closed economy will rapidly deplete the financial resources of a country.
A closed economy has resulted for Mayanmar's poor economic condition , but this may not be true for other countries.
B - Irrelevant . If a country which dealt with Myanmar in 1962 is now not interested doesn't change the equation, as there could be other countries which may be interested in dealing with Myanmar
C - Its a restatement or ISWAT .
D- Correct - there are no other factors except for closed economy which resulted in Myanmar's poor economic condition. If we negate this statement the conclusion will shatter.
Because if the internal unrest is still present then opening up the economy may not serve the intended purpose.
E- OFS. Even if noone is currently aware of Myanmar's past glory , they can eventually make out once Myanmar's economy starts growing

Kudos [?]: [0], given: 0

Manager
Joined: 04 Oct 2011
Posts: 218

Kudos [?]: 59 [0], given: 44

Location: India
Concentration: Entrepreneurship, International Business
GMAT 1: 440 Q33 V13
GPA: 3
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 19:35
Ivan91 wrote:
carcass wrote:
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

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.

Hi Ivan91,
I feel your moving away.

As Rock750 stated,
Actually assumption needs to fill the gap between premise and conclusion.
In this case you meant, I felt you were building your assumption over conclusion without filling out the gap.

I'm waiting for OA and OE
_________________

GMAT - Practice, Patience, Persistence
Kudos if u like

Kudos [?]: 59 [0], given: 44

VP
Status: Final Lap Up!!!
Affiliations: NYK Line
Joined: 21 Sep 2012
Posts: 1085

Kudos [?]: 639 [0], given: 70

Location: India
GMAT 1: 410 Q35 V11
GMAT 2: 530 Q44 V20
GMAT 3: 630 Q45 V31
GPA: 3.84
WE: Engineering (Transportation)
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

18 Mar 2013, 20:05
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

Kudos [?]: 639 [0], given: 70

Moderator
Joined: 01 Sep 2010
Posts: 3348

Kudos [?]: 8742 [0], given: 1138

Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 04:24
Archit143 wrote:
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

But C could be a hypothesis if happens and at most an inference question. Moreover, we care about of the investors. C is an inference question (probably) but not an assumption
_________________

Kudos [?]: 8742 [0], given: 1138

Moderator
Joined: 01 Sep 2010
Posts: 3348

Kudos [?]: 8742 [0], given: 1138

Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 07:53
Ok guys time for OA and OE. Check the first post

Thanks for discussion
_________________

Kudos [?]: 8742 [0], given: 1138

Senior Manager
Status: Final Lap
Joined: 25 Oct 2012
Posts: 282

Kudos [?]: 385 [0], given: 85

Concentration: General Management, Entrepreneurship
GPA: 3.54
WE: Project Management (Retail Banking)
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 08:01
carcass wrote:
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 ?
_________________

KUDOS is the good manner to help the entire community.

"If you don't change your life, your life will change you"

Kudos [?]: 385 [0], given: 85

Moderator
Joined: 01 Sep 2010
Posts: 3348

Kudos [?]: 8742 [0], given: 1138

Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 10:38
Rock750 wrote:
carcass wrote:
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
_________________

Kudos [?]: 8742 [0], given: 1138

Moderator
Joined: 01 Sep 2010
Posts: 3348

Kudos [?]: 8742 [0], given: 1138

Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 10:40
shanmugamgsn wrote:
carcass wrote:
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

Argument : Myanmar was poor because it closed it's economy to outside market. but now days will change. So investors will invest.
Assumption : Days will change only because Myanmar is going to open market. No other factors is leads to low economy of Myanmar.

(A) A closed economy will rapidly deplete the financial resources of a country
--- We are concerned about Myanmar. There is no generalization required here.
(B) The countries that dealt with Myanmar in 1962 will still be interested in dealing with it
--- No trace for countries that dealt with Myanmar in argument.
(C) If Myanmar does not open up its economy to the outside world, it will continue to remain poor.
--- (Ha.. this is interesting one) This is negation of our assumption, but this need not be true always.
(D) The severe internal unrest that has continued in Myanmar for the last several years is not responsible for its current financial state.
---- This states the exact reason why Myanmar was poor these many days and this is assumption
(E) At least some smart investors are currently aware of Myanmar’s past glory
--- No not exactly. this choice to particular about single sentence.

Guys pls correct me if im wrong...

Good job + 1 kudo
_________________

Kudos [?]: 8742 [0], given: 1138

Manager
Status: struggling with GMAT
Joined: 06 Dec 2012
Posts: 206

Kudos [?]: 418 [0], given: 46

Concentration: Accounting
GMAT Date: 04-06-2013
GPA: 3.65
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 12:05
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

Kudos [?]: 418 [0], given: 46

Senior Manager
Status: Final Lap
Joined: 25 Oct 2012
Posts: 282

Kudos [?]: 385 [0], given: 85

Concentration: General Management, Entrepreneurship
GPA: 3.54
WE: Project Management (Retail Banking)
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 12:38
carcass wrote:
Rock750 wrote:
carcass wrote:
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

done as usual , i think i deserve one too for my explanation , This is a level 700 ?

Can you post some bold faced question from your wonderful source ? I'd love to see one of these

Cheers
_________________

KUDOS is the good manner to help the entire community.

"If you don't change your life, your life will change you"

Last edited by Rock750 on 19 Mar 2013, 12:44, edited 1 time in total.

Kudos [?]: 385 [0], given: 85

Senior Manager
Status: Final Lap
Joined: 25 Oct 2012
Posts: 282

Kudos [?]: 385 [0], given: 85

Concentration: General Management, Entrepreneurship
GPA: 3.54
WE: Project Management (Retail Banking)
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 12:42
mun23 wrote:
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

Don't bother with that , just practice practice practice and you will see the difference by yourself
_________________

KUDOS is the good manner to help the entire community.

"If you don't change your life, your life will change you"

Kudos [?]: 385 [0], given: 85

Intern
Joined: 18 Feb 2013
Posts: 32

Kudos [?]: 32 [0], given: 14

GMAT 1: 710 Q49 V38
Re: In the early 1960s, Myanmar was the richest country in Asia [#permalink]

### Show Tags

19 Mar 2013, 15:28
D for me. I used the negation technique and D reads

(D) The severe internal unrest that has continued in Myanmar for the last several years is responsible for its current financial state.

If internal unrest is responsible for its current financial state then the conclusion does not make sense.

Kudos [?]: 32 [0], given: 14

Re: In the early 1960s, Myanmar was the richest country in Asia   [#permalink] 19 Mar 2013, 15:28

Go to page    1   2    Next  [ 23 posts ]

Similar topics Replies Last post
Similar
Topics:
2 Editorial: It is clear that if this country’s 1 16 Apr 2017, 22:59
You won’t be able to write well about the rock music of the 1960s 3 22 Jul 2017, 00:34
2 The goal of mining companies is to discover the richest, 9 30 Jul 2016, 05:38
15 Weaken: In 1960’s studies of rats, scientists found that crowding 16 24 Aug 2017, 15:26
2 According to futuristic writings in the 1960s, robots would 11 15 Aug 2017, 11:04
Display posts from previous: Sort by

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

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.