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
Leslie is trying to prepare for the correspondents’ lunch by testing her jokes on the Parks Department. While most of her jokes revolve around a local newspaper that has picked on Leslie in the past, she decides to ask her colleagues if they have any jokes she can use Ron decides to tell the gang a joke about efficient governments, but Leslie doesn’t find it all that funny.
See more: government intervention, government spending, inefficiencies, mandatory transactions, mutually beneficial transactions, rent seeking, role of government, tax revenue, taxes