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.
President Barack Obama signed the bill containing the continuing resolution into law Sept. 29âjust about 36 hours before the end of fiscal 2016. The Presidentâs signature comes about 16 hours after members of the House passed a âcleanâ funding bill 342-85 Wednesday night. Agencies now are funded at the most at 2016 levels through Dec. 9.