CLEAN: Hong KongÕs Ôcage dwellersÕ pay cityÕs highest rents

The video discusses the housing situation in Hong Kong, highlighting the existence of cage homes due to economic conditions. It explains the role of the free market and government in the supply of cash and jobs, emphasizing the demand-supply dynamics. The video concludes with a brief mention of local land layout.

What type of housing is mentioned as a prevalent issue in Hong Kong?

• Suburban houses

• Cage homes

• Skyscraper condos

• Luxury apartments

Why do poor living conditions persist in Hong Kong according to the transcript?

• The needs of the poor and lack of government action

• Abundance of resources

• Lack of demand for better housing

• Government's active intervention

What is the government's role in the supply of cash in Hong Kong?

• They actively control it

• They do not intervene

• They provide subsidies

• They restrict it

How is the market in Hong Kong described in the transcript?

• Mostly a free market

• Highly regulated

• Government-controlled

• Socialist

What is the relationship between demand and supply in the context of jobs in Hong Kong?

• Supply creates demand

• Demand creates supply

• Supply is always greater than demand

• They are unrelated