Government systems and economics Flashcards

1
Q

mortage definition

A

a loan for a house or property

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2
Q

what are interest rates

A

amount a leader charges a borrower and it is a percentage of the amount loaned

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3
Q

What is supply and demand

A

the amount of a product and the desire of buyers for it

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4
Q

What is market economy

A

economic decisions and pricing of goods and services are guided by the interactions of a countries individual citizens and buisnesses

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5
Q

Whats a union

A

an agreement protecting a group of people and common interests

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6
Q

Whats healthcare

A

provision of medical care to individuals and or a community

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7
Q

what private vs public funding

A

private comes from companies and people
public comes from the government

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8
Q

Whats a mixed economy

A

economic system that combines both private or public systems

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9
Q

Whats capitalism

A

an economic and political system in which a countrys trade and industry are controlled by private owners for profit

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10
Q

whats the senate

A

upper house of the parliament of canada and is appointed. Makes bills

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11
Q

Whats a bill

A

a law before it is passed; a proposal for a law

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12
Q

whats the head of state

A

highest representative of a sovereign state

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13
Q

Whats the house of commons

A

“house of the people” every representative for every constituency in canada

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14
Q

Whats first past the post

A

candidates within their electoral ridings with the most votes. The first candidate past the post wins

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15
Q

Whats a majority government

A

winning party holds over 50% of the seats

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16
Q

whats a minority government

A

governing party has the most seats but still less than half

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17
Q

Supreme court justices

A

judges to oversee discussions and decisions

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18
Q

Whats a judicial branch

A

represent by courts. has the function of resolving conflicts related to laws

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19
Q

whats a lobby group

A

A group of people come together and try to influenece people in public office and politicians

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20
Q

political party:

A

a group of people running for government who share similar ideologies and goals

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21
Q

Whats a party whip

A

a person who ensures that members of the party vote according to the party platform

22
Q

Whats a premier

A

head of government in a province or territory

23
Q

Whats a member of legislative assembly

A

representative elected by voters of an electoral district

24
Q

Whats a constituency or riding

A

s body of voters in an area who elect a representative. Hoe we divide land up to vote.

25
What s constituent
an individual voter in a constituency
26
whats a member of parliament
person elected by those who live in a constituency to represent them in the house of commons
27
whats a governal general
representative of head of state
28
whats a lieutenant governor
represents monarch as head of state for province
29
Whats left vs right on the political spectrum
left: collectivism right: individualism
30
What the leader of opposition
member of parliament who leads the second largest party
31
official opposition:
party with the second most amount of seats in the House of Commons
32
whats the sovereign
king or queen, has supreme power/authority
33
Whats responsible government
if the government isnt doing their job the public can kick them out
34
government regulation
set of rules set by the government to implement laws benefiting g the people
35
progressive taxation:
system where people with higher income pay a greater share of their income in taxes
36
What a government critic
people who criticize certain cabinet ministers
37
whats a cabinet minister
selected by the prime minister and is responsible for a certain portfolio(specific job)
38
Prime minister:
head of elected government. they select ministers to form the cabinet and leads the country
39
Whats the head of government
highest official in the executive branch
40
Whats the executive branch
composed of the monarch, prime minister and cabinet
41
Whats the legislative branch
lawmakers, holds executive branch accountable
42
whats economics
study or process of the exchange, production and consumption of wealth
43
Why do mortgages and interest rates connect
mortages have interst rates
44
where do MLAs work
the legislative assembly
45
why do market economy and unions connect
not a lot of rights for workers so they might form a union
46
true or false: market economy is a belief of captalism
true
47
Who is the head of govenment
the prime minister
48
provincial courts include
premier, MLA, constituency and constituent
49
Who represent the king or queen in the house of commons
governal general
50
who sits in the house of commons
senate, governor general, member of parliament, prime minister, cabinet minister, premier, MLA