7. Hong Kong is much more densely populated than is the United States.

Compare the rent on land in Hong Kong with that in Chicago. Can you explain why the percentage of commercial buildings that are new in downtown Chicago is less than that in Hong Kong?

Use the following information to work Problems 8 and 9.

Unwinding in the capital of the Woodstock nation In August 1969, in Bethel, N.Y., some 400,000 people swarmed to Max Yasgur’s 600-acre farm for the Woodstock Music & Art Fair to hear rock acts like the Who and Jimi Hendrix. In 2007, with plenty of land available and only 100 miles from New York City, people built weekend homes. As a result of all the development in 2007, Bethel has placed a moratorium on subdivisions.

Source: The New York Times, September 21, 2007