Identify the definition of the learning effect.(1 point)

Question

Responses

the ratio between the number of inputs, or factors of production required to produce a good or service, and the level of output
the ratio between the number of inputs, or factors of production required to produce a good or service, and the level of output

the ratio between total output of goods and services and the number of labor hours worked
the ratio between total output of goods and services and the number of labor hours worked

the method by which education increases productivity and results in higher wages for workers
the method by which education increases productivity and results in higher wages for workers

the knowledge and skills a worker gains through education and experience

Answer 1

The definition of the learning effect is: the method by which education increases productivity and results in higher wages for workers.