Question 15 11 point Deine profits and describe the role they place in a capitalist economic system Question 161 point Government involvement in the economy has always been greater in Canada than in the United States True False Question 17 it point The barriers to entry existing in many industries and the need for increasing site to achieve efficiency may have led to profits higher than normal under perfect competition True False Question 18 (1 point) A capitalist system requires a strong system of ethical behaviour, as without it profits fail to exist Ob the government must intervene and regulate markets competitive rivalry is limited d hoarding occurs monopolies control the market