Ron and Leslie get into a debate about people’s right to determine how they treat their own bodies. Leslie shows up to his dinner where Ron announces he’s eating a Turf’n’Turf and will consumer an entire cigar. Ron is a firm believe that people should be allowed to do what they want with their bodies and shouldn’t be controlled by the government.
Thanks to an anonymous submitter for the clip!
See more: choice architect, choices, free market, health economics, private benefits, social costs, tradeoffs
Leslie accepts a job with the National Parks Service in Chicago, but it means she has to leave her hometown of Pawnee, Indiana. She tries to recruit team members from the office, but no one is willing to go with her. She begins to realize all the things she’s going to miss when she leaves. Because time and resources are scarce, Leslie is forced to make choices.
See more: comparative advantage, migration, mobility, needs, opportunity costs, preferences, psychic costs, tradeoffs, wants
Ann and Chris decide not to buy an engagement ring because they think it is an unnecessary expense when they could do other things with the money. Engagement rings are often considered signals in the dating market that one partner is unavailable. The couple watching the exchange realize they could buy a house instead of buying a ring.
See more: opportunity costs, preferences, signalling, tradeoffs
Members of the Parks Department goes to London to visit, but Leslie can’t decide which bus tour to take. She has three options, all starting around the same time and needs to pick one. Ron and April aren’t much help. Because time is a scarce resource, Leslie needs to figure out which bus tour will maximize her happiness.
See more: choices, opportunity costs, tradeoffs
Ben and Leslie propose a solution to solving the budget crises, but accidentally suggest that all D1 employees (low-level) should be terminated. Because there is a limited amount of funds available in the city budget, any money moving to one department must come at the expense of another department.
See more: federal budget, government spending, opportunity costs, rationing, scarcity, tradeoffs, unintended consequences
Leslie asks a city councilor to not cut the Parks budget 8% and to find the money somewhere else. The counselor decides to propose shutting down the local animal shelter in exchange. Because funding is scarce in the local government, the city councilors have to cut funding in one area to save another department.
See more: budgets, federal budget, government spending, opportunity costs, rationing, scarcity, tradeoffs, unintended consequences
The pollution from the local factory creates a beautiful sunset, but it also gives people asthma. Ben and Leslie debate whether the beauty of the sunset is worth the tradeoff. Reducing pollution to zero would be extremely expensive, so it’s important to find some optimal level of pollution.
See more: externalities, negative externalities, positive externalities, private benefits, private costs, social benefits, social costs, social incentives, tradeoffs