In the following three passages some of the words have been left out. First read the passage over and try to understand what it is about. Then fill in the blanks with the help of the alternatives given.
Passage I:

The last decade has been 126 for management education and development. When the economies of most western countries were 127 in the early 1980’s there were 128 cuts both in corporate training and in higher education. During the boom years of the mid 1980’s there were some 129 in both areas. In the early 1990’s industrialized countries were in the 130 of another serve recession and a 131 retrenchment was to be recession reasonably 132 throughout the training word. But this had not been the case so far. Many leading companies are 133 their belief in training as the key to future competitiveness and governments are 134 an era of rapid 135 in higher education.