37. Which of the following best describes the process of gentrification in United States and Canadian
cities?
a. An increase in construction of new housing for elderly and retired persons
b. Privately funded redevelopment of existing commercial and residential buildings
c. Government-led planning of public spaces such as parks and riverfronts
d. The sale of naming rights for stadiums and arenas
e. The expansion of suburban housing developments on the urban periphery

B. Privately funded redevelopment of existing commercial and residential buildings

Explanation:

The process of gentrification in U.S and Canada relate to how private own companies pull resources together for the redevelopment of an area into a taste that will conform to the middle class. It provides and avenue for those wealthy individuals to move to urban settlements which in return brings about transformation and redevelopment of the culture and property value of the area.

Investors in Tokyo the 1970's were purchasing available properties so as to bring about redevelopment in the areas. Areas like Ottawa, Montreal were also involve in this in the twenties.

The gentrification that took place in U.S started in Atalanta in the 1970's

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.  

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