Ben and Leslie need rings for their wedding, but can’t seem to find acceptable ones around town. Ron offers to make the rings for them and describe how easy the process was for him, despite not being all that easy at all. Ron believes that people who buy things are suckers.
See more: comparative advantage, gains from trade, markets, mutually beneficial transactions, specialization, trade
Ben and April are in DC while Ben is serving as a congressional intern, but both receive care packages from their significant others while away. Andy is running out of clean clothes and includes this in his most recent care package to April. While Ben’s care packs from Leslie aren’t as strange, April’s includes Andy’s dirty laundry because she is so much better at doing laundry than he is. Andy feel’s April has a comparative advantage in laundry despite being so far apart from each other.
See more: comparative advantage, gains from trade, gift giving, opportunity costs, specialization, trade
Ron describes a gentleman’s agreement he made with a man to build a dining table in exchange for a 60 feet of copper pipe and a half pig. The barter system is inefficient because of how hard it is to properly measure the trades.
See more: barter system, gains from trade, medium of exchange, store of value, transactions