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.
But the real problem for Trump is not another legislative failure, but a victory. To paraphrase the immortal words of Admiral Ackbar, the tax cut bill is a trap. If Trump actually does sign it into law, he might as well be signing his political death warrant. I say this not because tax cuts are a bad idea, or unpopular. Nor because tax relief will be invariably characterized, as it always is by liberals, as a giveaway to the rich. The reason the tax cut bill is a danger to Trump is that itâs the one last thing keeping the bulk of his own party in line behind him.