Hsa Review Day 6 Unit Seven

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  • 1. HSA Review: Unit Seven
  • 2. Community Development
    • * Development: Expanding a local community
    • - building more homes, businesses, roads, stores, etc.
    • * Discussion Questions:
    • (1) Why can development be good ?
    • (2) Why can development be bad ?
  • 3. Development Details
    • * Zoning = deciding land use  Commercial (business), Housing, Parks, stadium, etc.
    • - Zoning Boards plan community changes
    •  Controls Community Growth
    • * Infrastructure: Items that support development  Very Expensive to build
    • *Infrastructure Examples:
    • - Electricity
    • - Sewers/Water treatment
    • - Roads/sidewalks
    • - Telephone/Cable service
    • - Schools & hospitals
  • 4. Sprawl vs. Smart Growth
  • 5.
    • * Def: Develop new suburbs by wasting open lands
    • - Ex. Route 1 in Laurel
    • * Characteristics:
    • - Wastes Green Space
    • - “leapfrog” development
    • - lots of cars  Pollution & Traffic
    • - separate business strips
    • - need expensive Infrastructure items
    • * Def: Revitalizing existing cities/suburbs, protects open land from development
    • - Ex. Downtown Silver Spring ( the Majestic area )
    • * Characteristics:
    • - Preserve Green Space
    • - Well-planned development
    • - Public transportation dominates
    • - businesses coexist with residential units
    • - use existing infrastructure
    Urban Sprawl vs. Smart Growth
  • 6. HSA Connection…
    • * Explain why members of the Maryland General Assembly might support funding to build a new football stadium in a densely (heavily) populated area rather than in a lightly populated area.
  • 7. What is Globalization ?
    • * Definition: Countries highly connected  economically, culturally, politically, and socially connected
    • - Cause ? modern communication & transportation systems
    • * Trend  World is becoming more interdependent (jointly dependent)
  • 8. International Committee of the Red Cross
    • * What is it?
    • - provides humanitarian assistance in wars, health emergencies, natural disasters
    • * Controversy:
    • - can’t save everyone all the time
  • 9. United Nations (UN)
    • * What is it ?
    • - UN tries to find peaceful solutions to world problems
    • * Controversy :
    • - countries wary of handing control of their country to the UN
    • - worries of losing their autonomy (self rule)
  • 10. Economic International Organizations
    • World Bank
    • * What is it?
    • - gives loans, advice, training to developing nations to eliminate poverty
    • International Monetary Fund (IMF)
    • *What is it?
    • - hopes to prevent worldwide money problems by providing loans to developing countries
    Both Controversial: - developing countries often rack up large debt to pay back loans
  • 11. HSA Connection…
    • Which of these is an action the International Monetary Fund takes to help developing nations?
    • A. stabilizing currencies
    • B. supplying medical care
    • C. resolving border disputes
    • D. Providing medical technology
  • 12. North Atlantic Treaty Organization (NATO)
    • * What is it?
    • - 26 members (North America & Europe)
    • - defense alliance —protect and secure each member
    • * Controversy :
    • - created to defend against the now defunct Communist U.S.S.R. 
  • 13. North American Free Trade Agreement (NAFTA)
    • * What is it?
    • - economic alliance of US, Mexico, Canada
    • - creates free trade (little/no tariffs & “red tape”) for members to trade
    • * Controversy :
    • - many agriculture & manufacturing jobs went to Mexico b/c of lower labor costs
  • 14. Federal Entitlements
    • * Definition: govt. programs that help the elderly, ill, unemployed
    • * Cause for Entitlements: Great Depression (1929-30’s)
    • - ¼ of Americans unemployed
    • - charities weren’t enough
    • - FDR’s “ New Deal ”  created programs to help the needy
  • 15. Major Entitlement Programs 7 million - Payroll taxes from Federal Govt. Unemployment Insurance  fired worker can collect benefits 51 Million - State & Federal Taxes Medicaid  pays portion of medical care for low-income people 41 Million - Federal Taxes Medicare  pays portion of medical care to elderly 45 million - Payroll taxes from Federal Govt. Social Security  monthly stipend to elderly & disabled People Helped Source of Funding Entitlement Program & Definition
  • 16. How to Differentiate Medicare from Medicaid ?
    • Medi care :
    • The elderly need long-term CARE
    • Medic aid :
    • The poor need temporary AID
  • 17. HSA Connection…
    • Which of these has contributed most to the discussion of reforming the social security system?
    • A. Americans are not living longer than ever before
    • B. The number of retired persons has decreased
    • C. Fewer people are paying taxes to support the program
    • D. the number of retired persons is increasing rapidly, while the amount of money going into Social Security is not increasing rapidly
  • 18. The Government’s Goals of the US Economy
    • 1. Economic Growth = production increases
    • 2. Price Stability = prices don’t change radically
    • 3. Full Employment = everyone has a job
  • 19. Measuring the Economy
    • * In Sports we have different statistics that tell us how well a player or team is performing. Based upon this data, we as fans are able to judge if a player or team is excelling or struggling.
    • * In economics , we have statistics that tell us how well the country’s economy is performing. These statistics include: GDP, CPI, and the Unemployment rate . Based upon these statistics, the government is able to take actions ( fiscal & monetary policy ) to help keep the economy stable.
  • 20. Measuring the Health of our Economy
    • 1. Gross Domestic Product (GDP) = measures the total value of all new goods & services produced in the USA
  • 21. Measuring the Health of our Economy
    • 2. Consumer Price Index = measures how much money people spend on consumer goods
    • - Measures inflation (increase in the price of goods)
  • 22. How Inflation Works?
    • ~* On April 23, 2000 , you purchased the following on a $5.80 salary:
    • - 1 Movie Ticket $8
    • - VHS Movie $10
    • - Will Smith CD $12
    • ~* On April 23, 2009 , you purchase the following on a $5.80 salary :
    • - 1 Movie Ticket $10
    • - Blue Ray Movie $16
    • - Kanye West’s Greatest Hits Album (MP3) $15
    • 1. Did you have to spend more or less over time to get the same goods?
    • 2. Did the dollar gain or lose purchasing power over time?
  • 23. Measuring the Health of our Economy
    • 3. Unemployment Rate: measures the percentage of people who want a job, but can’t find one
  • 24. Comparing & Contrasting Fiscal and Monetary Policy     - Money Supply - Loans & Mortgages - Taxing & Spending - budget Keywords to Help you Remember  ↑ or ↓ Interest Rate ↑ or ↓ Taxes ?Recession? ↑ or ↓ Govt. Spending Tools Used to Execute Policy The Federal Reserve aka “The Fed” President & Congress Who Controls Policy? Govt.’s money supply policies Govt.’s taxing & spending policies Short Definition Monetary Policy Fiscal Policy  
  • 25. Economic Cause & Effect If the Economy is in a recession Possible Government Remedies: ↑ or ↓ Taxes or ↑ or ↓ Govt. Spending or ↑ or ↓ Interest Rates
  • 26. HSA Connection…
    • Which of these actions would the Federal Reserve most likely take to end a recession?
    • A. Print more currency
    • B. Reduce the interest rate
    • C. sell government securities
    • D. increase the reserve requirement