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.
Both the House and Senate last week passed the new bill, H.J. Res 40, revoking the Obama-era regulation. Trump signed the bill into law without a photo op or fanfare. The president welcomed cameras into the oval office Tuesday for the signing of other executive orders and bills. News that the president signed the bill was tucked at the bottom of a White House email alerting press to other legislation signed by the president. The National Rifle Association âapplaudedâ Trumpâs action.