Which of the following statements regarding a 15-year $225,000, fixed-rate mortgage is correct?
a. the outstanding balance declines at a faster rate in the later years of the loan's life.
b. the remaining balance after three years will be $125,000 less one third of the interest paid during the first three years.
c. because the outstanding balance declines over time, the monthly payments will also decline over time.
d. interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant.
e. the proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year.

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively