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nightblade354
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Joined: 31 Jul 2017
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Status:He came. He saw. He conquered. -- Going to Business School -- Corruptus in Extremis
Location: United States (MA)
Concentration: Finance, Economics
Schools: Darden '25 (M)
Expert reply
01 Dec 2018, 11:06
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
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Question Stats:
60% (02:20) correct
40%
(02:27)
wrong
based on 765
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Investment Banker: Democracies require free-market capitalist economies, because a more controlled economy is incompatible with complete democracy. But history shows that repressive measures against capitalistic developments are required during the transition from a totalitarian regime to a democracy. Thus, people who bemoan the seemingly anticapitalistic measures certain governments are currently taking are being hasty.
Which one of the following is an assumption required by the investment banker's argument?
A) No current government has reached as complete a state of democracy as it is possible for a government to reach
B) The more democratic a country is, the less regulated its economy must be
C) The need for economic stability makes the existence of partially democratic governments more probable than the existence of fully democratic governments
D) A free-market economy is incompatible with a nondemocratic regime
E) The nations whose anticapitalistic measures the people in question bemoan had totalitarian regimes in the past
Which one of the following is an assumption required by the investment banker's argument?
A) No current government has reached as complete a state of democracy as it is possible for a government to reach
B) The more democratic a country is, the less regulated its economy must be
C) The need for economic stability makes the existence of partially democratic governments more probable than the existence of fully democratic governments
D) A free-market economy is incompatible with a nondemocratic regime
E) The nations whose anticapitalistic measures the people in question bemoan had totalitarian regimes in the past
Arro44
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Concentration: General Management, Finance
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GMAT 1: 730 Q47 V44
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01 Dec 2018, 11:29
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IB: Non-democratic legislation might be a step into the direction of free market economy and democracy, given that the respective country is transitioning from a totalitarian to a democratic form of government.
It is our task to identify an assumption which supports that statement and answer choice E seems well suited:
E) The nations whose anticapitalistic measures the people in question bemoan had totalitarian regimes in the past
Past totalitarian regime => Need for transition => Justification for "uncapitalistic" legislation
This provides a solid foundation for the premise.
Hope this helps.
Regards,
Chris
It is our task to identify an assumption which supports that statement and answer choice E seems well suited:
E) The nations whose anticapitalistic measures the people in question bemoan had totalitarian regimes in the past
Past totalitarian regime => Need for transition => Justification for "uncapitalistic" legislation
This provides a solid foundation for the premise.
Hope this helps.
Regards,
Chris
ravigupta2912
GMAT 2: 720 Q49 V40
Posts: 716
21 Mar 2020, 07:26
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Arro44
I had rejected E because it spoke of totalitarian regimes in the past while the conclusion talks of actions that governments are "currently" talking. E could also a situation where while the government was totalitarian in the past but are no longer when the anti-capitalist measures are being taken by the government. Can anyone shed light on this? I'm confused.
