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  3. The University as Business A number of colleges and universities have announced steep tuition increases for next year - much

The University as Business A number of colleges and universities have announced steep tuition increases for next year - much

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问题                  The University as Business
    A number of colleges and universities have announced steep
tuition increases for next year - much steeper than the current, very
low, rate of inflation. They say the increases are needed because of
a loss in value of university endowments heavily investing in common                 【B1】 ______
stock. I am skeptical. A business firm chooses the price that
maximizes its net revenues, irrespective fluctuations in income; and                 【B2】 ______
increasingly the outlook of universities in the United States is
indistinguishable from those of business firms. The rise in tuitions                 【B3】 ______
may reflect the fact economic uncertainty increases the demand for                   【B4】 ______
education. The biggest cost of being in the school is foregoing                      【B5】 ______
income from a job (this is primarily a factor in graduate- and
professional-school tuition); the poor one’s job prospects, the                      【B6】 ______
more sense it makes to reallocate time from the job market to education,
in order to make oneself more marketable.
    The ways which universities make themselves attractive to                        【B7】 ______
students include soft majors, student evaluations of teachers, giving
students a governance role, and eliminate required courses.                          【B8】 ______
    Sky-high tuitions have caused universities to regard their students as
customers. Just as business firms sometimes collude to shorten                       【B9】 ______
the rigors of competition, universities collude to minimize the cost to
them of the athletes whom they recruit in order to stimulate alumni
donations, so the best athletes now often bypass higher education
in order to obtain salaries earlier from professional teams. And until
they were stopped by the antitrust authorities, the Ivy League
schools colluded to limit competition for the best students, by agreeing
not to award scholarships on the basis of merit rather than purely
of need-just like business firms agreeing not to give discounts on                   【B10】 ______
their best customer.
选项
答案investing→invested
解析 此处的endowment和invest是被动关系，故应为invested。
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