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.
Rep. Buddy Carter (R-GA1), one of the lawâs two lead sponsors The second bill President Trump ever signed into law is Public Law 115â3, the GAO Access and Oversight Act. (The first bill Trump signed â which GovTrack Insider previously covered â was a one-page waiver allowing James Mattis to serve as Secretary of Defense, despite not having yet been out of the military for seven years as the law usually requires. Mattis was later approved by the Senate 98â1.)