According to a newsletter published by the Arlington Chamber of Commerce http://arlingtontx.com/newsletter/shownewsletter/1015, Arlington gained a huge economical impact from the World Series alone.
"Well, Arlington hit the jackpot this year!"
Through studies and calculations, it was determined that 23 million dollars would be the direct economic impact throughout the World Series. Not including each game played and the previous games in the playoffs. All of this income to the city of Arlington could be linked to scarcity and opportunity cost. Each year, there is only one World Series; and baseball fans out there would know that the team you root for going to the World Series is kind of a big deal. Therefore, one could come to the conclusion that there are a scarcity of World Series, or a limited amount. In the beginning studies of economics, we learn that everything in this world revolves around scarcity and that factor causes people to pay more money for the limited resources. In this case, the World Series is a very limited resource. Opportunity cost is another in which, economically, plays a huge role in the course of things. People who choose to come to the World Series could be missing out on something important since there are only a maximum of seven games each year. For example, jobs, school, homework, family time, or even dinner. These are all examples of what people could lose in the case of wanting to go to one of those seven very important games in the year. In conclusion, all of these factors contributed to the millions of dollars in which Arlington could make during the World Series; and how it could turn our economy aroundfor the better. Now just think of what the Super Bowl could do.