Willy Wonka and the Chocolate Factory Summative Assessment

Instructions: Watch these clips from this film and see if you can synthesize and apply the knowledge and understanding that you have gained by applying the appropriate concept from the below word bank in the appropriate blank space below

Economics:

Entrepreneurship:

Microeconomics:

Macroeconomics:

Opportunity Cost:

Resource:.

Scarcity:

Webb’s Level 1- Recall & Reproduction (10pts. Each)

(start at 10:10) Poof Chemistry!

  1. Because the whole world was looking for Golden Tickets, this could be considered what kind of economic event?______.
  1. Veruka Salt’s father had hundreds of workers opening some 19,000 chocolate bars an hour, obviously, the Salts had a lot of money. Money is a prime example of what, in economic terms: ______.
  1. In the movie, Charlie’s mom exaggerates and says that there are “a-hundred- billion people in the world and everyone is looking for one of five Golden Tickets.” Exaggeration or not, the fact that there are only five tickets is an excellent example of the force behind the social science of Economics. This force or condition is known as: ______.

(stop at 22:28) Cheer-up Charlie!

(Start at 33:22) Good Fourtune.

  1. Slugworth offered Charlie $10,000 for retrieving an everlasting Gobstopper, such a thing would definitely impact the economy of Charlie and his entire family, but, likely few others. Such an event would be considered ______,in nature.

(Stop at 37:01)

(Start at 1:05:49) The Inventing Room.

  1. Wonka has a special talent that some people have for searching out and taking advantage of new business opportunities; developing new products and/or new ways for doing things. By definition, Wonka is an ______.
  1. Violet loves gum more than any other. She just can’t help herself from trying the 3-course dinner gum. Wonka warns her not to eat the gum, but she chooses too anyway. She was able to experience the gum, but she missed out on the rest of factory tour. Such a choice is an example of what central economic concept: ______.

(Stop at 1:13:05)

Webb’s Level 3 Short-Term Thinking

(Start at 1:19:06)

  1. Interpretive Essay: Veruka Salt is the most audacious (recklessly greedy) of all the kids. In some respects she is the character that best typifies the social science of Economics. How can you interpret her behavior in economic terms? Could there ever be enough material goods to satisfy her insatiable desires? Use what you have learned about Economics to evaluate why or why not? ____________

(Stop at 1:23:05)