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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 S1.______ stock. I am skeptical. A business firm chooses the price that maximizes its net revenues, irrespective fluctuations in income; S2.______ and increasingly the outlook of universities in the United States is indistinguishable from those of business firms. The rise in tuitions S3.______ may reflect the fact economic uncertainty increases the demand for S4.______ education. The biggest cost of being in the school is foregoing S5.______ income from a job (this is primarily a factor in graduate-and-profes- sional-school tuition) ; the poor one’’s job prospects, the more sense S6.______ 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 S7.______ students include soft majors, student evaluations of teachers, giving students a governance role, and eliminate required courses. Sky- S8.______ high tuitions have caused universities to regard their students as customers. Just as business firms sometimes collude to shorten the S9.______ 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 S10.______ their best customer.

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irrespective——后面加of
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问答题I agree to some extent with my imaginary English reader. American literary historians are perhaps prone to view their own national scene too narrowly, mistaking prominence for uniqueness. They do over-phrase their own literature, or certainly its minor figures. And Americans do swing from aggressive over-phrase of their literature to an equally unfortunate, imitative deference. But then, the English themselves are somewhat insular in their literary appraisals. Moreover, in fields where they are not preeminent―e. g. in painting and music― they too alternate between boasting of native products and copying those of the Continent. How many English paintings try to look as though they were done in Paris; how many times have we read in articles that they really represent an English tradition after all.To speak of American literature, then, is not to assert that it is completely unlike that of Europe. Broadly speaking, America and Europe have kept step. At any given moment the traveler could find examples in both of the same architecture, the same style in dress, the same books on the shelves. Ideas have crossed the Atlantic as freely as men and merchandise, though sometimes more slowly. When I refer to American habit, thoughts, etc. , I intend some sort of qualification to precede the word, for frequently the difference between America and Europe (especially England) will be one of degree, sometimes only of a small degree. The amount of divergence is a subtle affair, liable to perplex the Englishman when he looks at America. He is looking at a country which in important senses grew out of his own, which in several ways still resembles his own ― and which is yet a foreign country. There are odd overlappings and abrupt unfamiliarities; kinship yields to a sudden alienation, as when we hail a person across the street, only to discover from his blank response that we have mistaken a stranger for a friend.

问答题investing——invested

填空题interest