What Is Meant by Gentrification

question 37

Multiple Choice

What is meant by gentrification?

• A)a form of local government in which the members of the city council select the mayor, who then shares power with other elected or appointed boards and commissions
• B)a form of local government in which the voters directly elect the city council and the mayor
• C)the oldest and most common form of city government, consisting of either a weak mayor and a city council or a strong mayor elected by voters and council
• D)a city "constitution" that outlines the structure of city government, defines the authority of the various officials, and provides for their selection
• E)a gradual change in property ownership with wealthier people buying property and moving into neighborhoods, leading to the revitalization of the area

Discuss the achievability of the "American Dream" in the context of current socio-economic conditions.

Compare and contrast functionalist and conflict perspectives on poverty and stratification.

Define and provide examples of terms central to understanding social stratification such as caste system, class consciousness, and conspicuous consumption.

Analyze trends in poverty rates, welfare reform, and their contributing factors.

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Definitions:

Exchange Rate

The exchange rate reflecting the value of one currency compared to another.

Spot Exchange Rate

This is the current exchange rate at which two currencies can be exchanged immediately.

Eurocurrency

Currency deposited by national governments or corporations in banks outside their home market, primarily used for lending, borrowing, and investing internationally.

Political Risk

The risk of losing money due to political instability or changes in government policy affecting an investment.