When saying that "The success of the gold-exchange standard, however, depended on the superior position of the United States in world trade", the author is most probably referring that ______.
A. under this system, the United States was required to lend money to any country that asked
B. under this system, the United States was the only country allowed to maintain gold reserves
C. tying the value of most currencies to any one currency requires that the currency be Stable
D. the gold exchange standard is less flexible in meeting currency demands than the gold standard
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According to the passage, since World War I the international monetary system has shown an
A. tying the value of world currencies to the value of gold
B. greater centralized control of world trade
C. substituting several different monetary standards for a single unified standard
D. increasingly stable currencies
The gold standard had limited liquidity most probably because ______.
A. the money supply could grow no faster than the supply of gold
B. it was impossible to convert the currency from country into another
C. the money supply varied independently to the gold supply
D. a nation's currency could not be freely converted into gold
Why is there a slow pace of technological change in American firms？
A. New equipment in America is more expensive.
B. American firms don't pay enough attention to on-the-job training of their work-era.
C. The decision-making process in American firms makes them less responsive to technological changes.
D. The professional staff of American firms are less paid and so less creative.
What is the main idea of the passage？
American firms' human resource management strategies affect their competitive capacity.
B. Human-resource management is a key factor in a firm's survival.
C. The cost of Work training in America is higher than that in Japan and Germany.
D. American firms are different from Japanese and German firms in human-resource management.
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