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Medium of Exchange

by Jadrian

Leslie is hoping to obtain a piece of land for free so she can turn it into a park. Ron taunts Leslie about her $0 bid for the land because typically people expect money in exchange for goods and services. This can be a good illustration of the medium of exchange function of money, but can also lead to a deeper discussion of externalities.

The Basics of Capitalism

Ron taunts Leslie's $0 bid for a piece of land

from Parks and Rec (2015)
Creator: Michael Schur and Greg Daniels
Distributor: Netflix
Posted by Jadrian