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 isn't to suggest Trump hasn't been busy. He's been signing legislation at a rapid clip since entering office, putting his name on 20 bills since Jan. 20, according to the White House. By contrast, President Barack Obama had signed 10 bills in the comparable time period at the beginning of his administration.