Ch. 8 Flashcards
Define: Social Program
services provided by government to reduce economic inequalities and promote the well-being of citizens
Define: Values
beliefs about what’s important; can be influenced by many factors
Define: Health Insurance
an agreement by a company to pay for your health services, in exchange for a fee that you pay each month or each year
Define: Private Health Care
health care paid for by individuals
Define: Profit
money made from a product or service above and beyond the cost of providing the product or service
Define: Public Health Care
health care paid for by taxes
Define: Goods and Services Tax
a federal sales tax in Canada
Define: Income Tax
tax based on a percentage of a person’s income
Define: Sales Tax
tax paid at the time of buying a product or service, and based on a percentage of the price of the product or service
Define: Tax Evasion
misrepresenting what you earn to avoid paying taxes
Define: Taxation Model
a policy of a political party or government about what to tax (e.g., incomes, purchases), how much to tax and how to spend taxes
Define: Underground Economy
economic activity based on buying and selling products and services illegally
Which levels of government are responsible for providing social programs in Canada?
Federal and Provincial
Is the health care system in the US public or private?
Is the health care system in Canada public or private?
US = Private Canada = Public
What are the terms of the Canada Health Act
Publicly Administered Comprehensive Universal Portable Accessible
