Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Flashcardlet decks > Unit 8: social > Flashcards

Unit 8: social Flashcards

1
Q

GST

A

Goods and services tax
A federal sales tax in Canada
Ex. Buying products such as clothing that the tax money goes to the government by the companies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

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
Ex: Helps you to not have to pay for every check up or surgery seperatly

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Income tax

A

Tax based on a percentage of a persons income

Ex: millionaires would pay more in taxes than an average minimum wage worker

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Median

A

A concept in statistics that means the middle number in a set of data organized in order of least to most
Ex: using number lines to show the medians of different numbers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Black market

A

Another term for underground economy

Ex: drug trades

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Private health care

A

Health care paid for by individuals

Ex: only in the U.S and people become in debt or very ill cause they don’t have enough money for the fees

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Profit

A

Monet made from a product or service above and beyond the cost of providing the product or service
Ex: candy stores sell “cheap” candy for a higher profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Public health care

A

Health care pair for by taxes

Ex: in Canada we have free healthcare from the taxes that we pay

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Sales tax

A

The more money that you spend on products and services, the more taxes that you pay
It is based in the percentage of the price of the product or service
Ex: the money is paid to the government for the product as taxes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Social program

A

Services provided by the government to reduce economic inequalities and promote the well-being of citizens
Ex: mustard seed- gives free meals to the homeless/ poor for free

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Tax evasion

A

Misrepresenting what you earn to avoid paying taxes
Ex: a personal landscaping company may ask to only be paid with cash so the government can’t track the money they earn and charge them with taxes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Taxation model

A

Government policies about taxation, such as what to tax

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Underground economy

A

Economic activity based on buying and selling products and services illegally
Ex: black market ( drug deals)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Difference in health care between Canada and the U.S

A

U.S: private health care that requires you to pay personally
Canada: health care is public and payed for by taxes given to the government

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Who receives pensions and when?

A

At age 65 all citizens who have lived in Canada for at least 10 years after the age of 18, automatically qualify for the monthly pensions paid by taxes that the federal government funds provide

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Who pays taxes?

A

Anyone who is buys a product or pats for a service is paying taxes to the government, no matter what age or whether you are a citizen or not

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What parties support health care in Canada?

A

All Canadian parties support the health care in many forms!

18
Q

Who is responsible for creating the free health care system?

A

Tommy Douglas

19
Q

Difference between social program funding between a mixed it market economy

A

Mixed: only provide some social programs that are paid with taxes
Market: government provides NO social programs

20
Q

Can a political party change their platforms?

A

Yes! Thy can hold elections after consulting with their constituents in electrical ridings to see what the voters have an opinion on and they can change their benefits and values, therefor changing their platform

21
Q

What is the median income of families in Alberta in 2005?

A

If your family earned an average income of $67000, you would end up paying $11000 in taxes in a year

22
Q

Canada health act

A 
A federal law that sets out 5 principles for healthcare:
Publicly administered
Comprehensive 
Universal
Portable 
Accessible
23
Q

Consensus

A

Each person respects the ideas of others and work as a whole group to solve problems

24
Q

Key issues in the Conservative Party platform (8)

A

Crime,Government accountability, child care, environment, health care, leadership, lower taxes, sovereignty in the Arctic

25
Q

Who collects and how often are sales taxes collected in Canada

A

Government collects taxes to pay for services for citizens

Collected whenever you buy a product or service ( pay off eventually)

26
Q

What percentage of Canadian families pay on their income tax

A

17% of their income is payed as taxes

27
Q

Requirements for becoming a member of a political party in Canada

A

Resident of Canada
At least 14 years old
Endorse the principles of the party
Not a member of any other political party

28
Q

Regulations to start a new political party in Canada

A

18 or older
Have the endorsement of at least 250 eligible voters in Canada
Have a name
Run at least one candidate during a federal election

29
Q

(5) Canada’s political parties

(2) U.S political parties

A 
Bloc Quebecas
Conservative party 
Green
Liberal
NDP
30
Q

Mixed economy

A

Canada: people and government both involved

31
Q

Market economy

A

U.S: all individually involved

32
Q

Planned economy

A

All government involved

33
Q

Shift left

A

NDP, Demicratic

34
Q

Middle

A

Liberal, republican

35
Q

Shift right

A

Progressive Conservative

36
Q

Private health care

A

Health care paid for by individuals

Ex: only in the U.S and people become in debt or very ill cause they don’t have enough money for the fees

37
Q

Profit

A

Monet made from a product or service above and beyond the cost of providing the product or service
Ex: candy stores sell “cheap” candy for a higher profit

38
Q

Public health care

A

Health care pair for by taxes

Ex: in Canada we have free healthcare from the taxes that we pay

39
Q

Sales tax

A

The more money that you spend on products and services, the more taxes that you pay
It is based in the percentage of the price of the product or service
Ex: the money is paid to the government for the product as taxes

40
Q

Social program

A

Services provided by the government to reduce economic inequalities and promote the well-being of citizens
Ex: mustard seed- gives free meals to the homeless/ poor for free
Provincial ex: Alberta healthcare system
Federal ex: mustard seed in Edmonton ( only available to people there)

41
Q

Tax evasion

A

Misrepresenting what you earn to avoid paying taxes
Ex: a personal landscaping company may ask to only be paid with cash so the government can’t track the money they earn and charge them with taxes

42
Q

Taxation model

A

Government policies about taxation, such as what to tax ( incomes, purchases) how much tax and how to spend taxes
Ex: your income and how much you spend will affect your overall taxes

Flashcardlet decks (34 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions