Danny’s will and motivation of having to attend the military
academy to become soldier is an example of investing to a human capital. A
human capital is having to have the skills, behavior or knowledge that will
contribute in having to do labor and produce value in terms with the economy.
Answer: D. An economic system characterized by voluntary allocation
Explanation: Socialism promotes or encourages the need for production, distribution and exchange to be run by community at large instead of only the government running the affairs of the community.
Socialism is a shared responsibility for the production and distribution of resouces between individuals in the community or a group. It is the economic and political theory that encourages individuals to do things collectively for the common goal of the society.
The answer is <u>"childhood".</u>
Childhood is the age length going from birth to adolescence. According to Piaget's theory of cognitive development, childhood comprises of two phases: preoperational stage and concrete operational stage. In developmental psychology, childhood is partitioned up into the formative phases of toddlerhood (figuring out how to walk), early childhood (play age), middle childhood (school age), and adolescence. Different childhood elements could influence a man's state of mind formation.