The four criteria for economic integration include trade flows, capital flows, people flows, and the similarity of prices in separate markets

Refer to Figure 10.7. A movement from point B to point D could be caused by

A) an increase in the target interest rate. B) an increase in consumer confidence. C) an increase in the term structure effect. D) a decrease in the expected rate of inflation.

Convenience stores with gas stations tend to sell an essentially identical variety of products and services. Yet this is generally considered to be a monopolistically competitive industry selling differentiated products

How can this be considered a differentiated product?