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.
This doesnât include the tax bill, either, which Trump is apparently planning to sign into law early next month. Even with those two bills, though, Trump is still well behind the president with the second-least number of new bills: Barack Obama, who had 118 by this point in 2009. That said, though, Obama had a lot of big bills. By Dec. 21, 2009, he had signed into law nearly 3,500 pages of legislation, far more than his recent predecessors.