Social 9: Chapter 8 Review #Imgonnakms

Define: Social Services

They are services provided by the government to reduce inequality in society and promote the well-being of citizens. Ex. Child Welfare Services

Define: Health Insurance

The agreement by the company to pay for your health services, in exchange for a fee that you pay per month or year.

Define: Private Health Care

Health care that is paid for by individuals to a health insurance company.

Define: Profit

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

Define: Public Healthcare

Healthcare that is paid for by taxes.

Define: Values

Beliefs about what is important. Ex. Peace, Accountability, freedom, etc.

Define: Canada Health Act

A Federal Law that sets out 5 rules for health care in Canada that Provincial and Territorial governments must follow.

Define: GST

It stands for Goods and Service Tax; Federal sales tax in Canada

Define: Income Tax

Tax that is based on a percentage of a person’s income.

Define: Median

Statistics concepts that mean middle number in a set of data organized from least to most.

Define: Sales Tax

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

Define: Black Market

The Slang Term for Underground Economy.

Define: Tax Base

Economic activity in society is taxed by the government to pay for services.

Define: Tax Evasion

Misrepresenting what you earn to avoid paying taxes.

Define: Taxation Model

Policy of political party or government about what to tax, how much to tax and spend taxes.

Define: Underground Economy

Economic Activity is based on buying and selling products and services illegally.

What are the five rules about healthcare? (C.U.P.P.A)

1. Comprehensive

2. Universal

3. Portable

4. Publicly Administered

5. Accessible