10–7. implied contracts. ralph ramsey insured his car with allstate insurance co. he also owned a house on which he maintained a homeowner's insurance policy with allstate. bank of america had a mortgage on the house and paid the insurance premiums on the homeowner's policy from ralph's account. after ralph died, allstate canceled the car insurance. ralph's son douglas inherited the house. the bank continued to pay the premiums on the homeowner's policy, but from douglas's account, and allstate continued to renew the insurance. when a fire destroyed the house, allstate denied coverage, however, claiming that the policy was still in ralph's name. douglas filed a suit in a federal district court against the insurer. was allstate liable under the homeowner's policy? explain. [ramsey v. allstate insurance co., 2013 wl 467327 (6th cir. 2013)]

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .

Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.