[简答题] 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 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