Refer to Figure 3-1. If the product represented is a normal good, an increase in income would be represented by a movement from

According to ________, people are often risk averse when it comes to gains and risk preferring when it comes to losses

A) prospect theory B) the reflection effect C) the certainty effect D) the framing effect

Growth in real GDP per capita has:

A. been more rapid since the mid-nineteenth century than ever before. B. slowed since the mid-nineteenth century compared to before. C. increased over the last 150 years only in the United States and Canada. D. been steady over the course of human history.