Definitions
money made from a product or service above and beyond the cost of providing the product or service
what is profit
the type of health care provided in Canada
what is public health care
the type of health care provided in the U.S.
what is private health care
What was the name of the documentary who watched in class
Sicko
current Canadian prime minister
Justin Trudeau
an agreement by a company to pay for your health services, in exchange for a fee that you pay each month or each year.
what is health insurance
Canadian citizens unable to meet basic needs receive tax-funded assistance
what is income assistance
current American president
Joe Biden
capital city of the northwest territories
Yellowknife
if you make more money you pay more of this
what is income tax
federal sales taxes in Canada
what is GST
At age 65, Canadian citizens who have lived in Canada for atleast 10 years automatically qualify form this
what is a monthly pension
is there legislation for pensions for seniors
what is no legislation
What year was Confederation?
1867
involves giving everyone a voice, considering what they say, with an objective to compromise to find solutions to problems in agreement
what is consensus (p.279)
all the economic activity in a society, taxed by government to pay for services
what is a tax base
The federal legislation for Canadian healthcare
What is the Canada Health Act
Federal act that provides health care to low income citizens
Social Security Act
France
the "father" of Canada's health care system
what is Tommy Douglas
a policy of a political party or government about what to tax, how to tax, and how to spend taxes
what is a taxation model
the federal legislation for senior pensions
what is the Old Age Security Act
in 2007, the American party endorsed the idea that each individual should pay for his or her own healthcare
what is the Republican Party (p.291)
an economic and political system in which a country's trade and industry are controlled by private owners for profit.
what is capitalism
Most of Canada's spending is in this category
what are social services (e.g., affordable housing, pensions for seniors, and monies transferred to the provinces through to Canada social transfer)