What does this mean for the economy? The law of increasing opportunity cost is fundamental to the production and supply of goods. In general, as the economy increases the quantity supplied of a good, the opportunity cost increases. And if cost is higher, then sellers need a higher price, resulting in the law of supply.
Tribune news servicesContact Reporter. President Donald Trump has signed a pair of bills into law aimed at recruiting more women for the fields of science, technology, engineering and math. Trump said at an Oval Office ceremony that it's unfair that only 1 in 4 women with a degree in one of these areas works in the field.
The most significant bills signed into law by Snyder Friday were Senate Bill 398 and House Bill 4783, now Public Acts 446 and 447 respectively. The two bills allow the Michigan Strategic Fund Board to create a tax-free industrial park on 150 acres of vacant land near Detroit City Airport.