Given below are two statements:
Statement I: Gentrification is a process of moving wealth back into the metropolis.
Statement II: Gentrification in Europe and the United States is a process which has often worked to the benefit of ethnic minorities at the expense of white people.
In light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true.
2
Both Statement I and Statement II are false.
3
Statement I is true but Statement II is false.
4
Statement I is false but Statement II is true.