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.
SALT LAKE CITY, Utah (News4Utah) - What does the tax reform bill, expected to pass and get signed into law this week by President Trump, mean for you? Most Americans will see an immediate tax cut in 2018. Tax rates for corporations will be permanently cut. Private businesses will get new breaks, too. The $1.5 trillion dollar tax bill will likely benefit individuals, according to Scott Farnes, a partner with FJ & Associates, a certified public accounting firm.