Social Ch.8 Review

Question 1

What are social programs?

Answer 1

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

Examples include health care, pensions for senior citizens, income assistance, education, affordable housing, etc.

Question 2

How is private health care funded?

Answer 2

Paid by individuals

Question 3

What is profit?

Answer 3

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

Question 4

How is public health care funded?

Answer 4

Paid by the government through taxes

Question 5

What does GST stand for?

Answer 5

Goods and Services Tax

Question 6

What is income tax based on?

Answer 6

A percentage of a person’s income

Question 7

What is sales tax?

Answer 7

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

Question 8

What is another term for underground economy?

Answer 8

Black market

Question 9

What is the tax base?

Answer 9

All the economic activity in a society, taxed by government to pay for services

Question 10

What is tax evasion?

Answer 10

Misrepresenting what you earn to avoid taxes

Question 11

What is a taxation model?

Answer 11

A policy of a political party or government about what to tax, how much to tax, and how to spend taxes

Question 12

What is the underground economy?

Answer 12

Economic activity based on buying and selling products and services illegally

Question 13

What is the main feature of Canada’s health care system?

Answer 13

All citizens receive basic health care paid for by taxes

Question 14

Which act governs Canada’s health care system?

Answer 14

Canada Health Act

Question 15

How does the U.S. health care system differ from Canada’s?

Answer 15

Citizens with low income receive health care paid for by taxes, while others pay personally

Question 16

What percentage of Americans were uninsured in 2007?

Answer 16

15%

Question 17

What legislation is involved in U.S. health care assistance?

Answer 17

Social Security Act

Question 18

What is the age at which Canadians qualify for a monthly pension?

Answer 18

65

Question 19

What is the Old Age Security Act?

Answer 19

Federal legislation used to provide pensions in Canada

Question 20

How do U.S. senior citizens generally support themselves?

Answer 20

Through personal savings and pension plans

Question 21

What criteria vary for income assistance in Canada?

Answer 21

Eligibility rules set by each province

Question 22

Which act is involved in U.S. income assistance?

Answer 22

Social Security Act

Question 23

What are the 5 principles of the Canada Health Act?

Answer 23

Publicly administered, Comprehensive, Universal, Portable, Accessible

Question 24

How do taxes relate to social programs?

Answer 24

Government collects taxes to pay for services, including social programs

Question 25

What types of taxes do Canadian citizens pay?

Answer 25

Income tax and sales tax

Question 26

What does a political platform describe?

Answer 26

The official policies of a political party, reflecting various issues

Question 27

Who can join a federal political party in Canada?

Answer 27

Residents of Canada who are at least 14 years old and endorse the party's principles

Question 28

What is required to form a new federal political party in Canada?

Answer 28

Endorsement of at least 250 eligible voters, a name, and running at least one candidate in a federal election

Question 29

True or False: Economic policies come from values.

Answer 29

True