Explain Keynesian economics and provide an example of it in Canada today. (4 marks) Explain the difference between progressive taxation and a flat tax rate - include a pro and con of each. (5 marks) What is meant by "trickle-down" economics, and provide an example of it in action today. (3 marks) The effects of trickle-down economics are often buried in the layers of bureaucracy seen in megacorporations - provide 1 example of how normal consumers can benefit from trickle-down again. (4 marks) Why is Reaganomics also known as supply-side economics (how is it different than demand-side economics?) (3 marks) Why was Margaret Thatcher either well-liked or thoroughly hated in the UK due to her economic policies? Provide two pros and two cons. (5 marks) When the government intervenes and interferes in all things economic - democracy often turns into a dictatorship -- where are we seeing evidence of this today? (3 marks) Who led a somewhat neo-conservative economic plan in Alberta? (1 mark)