Chapter Eight Flashcards

1
Q

Define: Social Program

A

services provided by government to reduce economic inequalities and promote the well-being of citizens

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2
Q

Define: Values

A

beliefs about what’s important; can be influenced by many factors

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3
Q

Define: Health Insurance

A

an agreement by a company to pay for your health services, in exchange for a fee that you pay each month or each year

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4
Q

Define: Private Health Care

A

health care paid for by individuals

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5
Q

Define: Profit

A

money made from a product or service above and beyond the cost of providing the product or service

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6
Q

Define: Public Health Care

A

health care paid for by taxes

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7
Q

Define: Goods and Services Tax

A

a federal sales tax in Canada

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8
Q

Define: Income Tax

A

tax based on a percentage of a person’s income

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9
Q

Define: Sales Tax

A

tax paid at the time of buying a product or service, and based on a percentage of the price of the product or service

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10
Q

Define: Tax Evasion

A

misrepresenting what you earn to avoid paying taxes

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11
Q

Define: Taxation Model

A

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

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12
Q

Define: Underground Economy

A

economic activity based on buying and selling products and services illegally

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13
Q

Which levels of government are responsible for providing social programs in Canada?

A

Federal and Provincial

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14
Q

Is the health care system in the US public or private?
Is the health care system in Canada public or private?

A

US = Private
Canada = Public

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15
Q

What are the terms of the Canada Health Act

A

Publicly Administered
Comprehensive
Universal
Portable
Accessible

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16
Q

Why is it necessary for the government to collect taxes?

A

Taxes are needed for the government to pay for social programs and other areas of need within Canada (health care, child care, military, etc.)

17
Q

Who is responsible for health care in Canada?

A

Provinces

18
Q

Define: Revenue

A

The amount of income a country/province/state makes

19
Q

Who can benefit from social programs?

A

Any person in Canada depending on the Social Program available

20
Q

Does every person in Canada have to pay GST?

A

Yes