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 presidency has defended a decision by Jacob Zuma to sign all tax legislation from 2015 into law. The president has given the go ahead for the implementation of the 2015 Tax Laws Amendment Act and the Tax Administration Laws Amendment Act, which will come into effect on 1 March 2016. News24 noted that usually the presidency announces through an email to the media and also on its website when a legislation has been signed into law.