84. Requiring businesses to provide complete product information to customers
promotes various consumer interests, but at the same time imposes burdens on
businesses, government, and taxpayers. On balance, the burdens outweigh the benefits,
at least in most cases.
A threshold problem with disclosure requirements is that of determining what
constitutes complete information. Admittedly, legislating disclosure requirements
clarifies the duties of business and the rights of consumers. Yet determining what
requirements are fair in all cases is problematic. Should it suffice to list ingredients,
instructions, and intended uses, or should customers also be informed of precise
specifications, potential risks, and results of tests measuring a products effectiveness
vis-a-vis competing products? A closely related problem is that determining and
enforcing disclosure standards necessarily involves government regulation, thereby
adding to the ultimate cost to the consumer by way of higher taxes. Finally, failure to
comply may result in regulatory fines, a cost that may either have a chilling effect on
product innovation or be passed on to the customers in the form of higher prices. Either
result operates to the detriment of the consumer, the very party whom the regulations
are designed to protect.
These burdens must be weighed against the interest in protecting consumers
against fraud and undue health and safety hazards. To assume that businesses will
voluntarily disclose negative product information ignores the fact that businesses are
motivated by profit, not by public interest concerns. However, consumers today have
ready access to many consumer-protection resources, and may not need the protection
of government regulation. Although health and safety concerns are especially
compelling in the case of products that are inherently dangerous―power tools,
recreational equipment, and the like―or new and relatively untested products,
especially pharmaceuticals, narrow exceptions can always be carved out for these
products.
In conclusion, while stringent disclosure requirements may be appropriate for
certain products, businesses and consumers alike are generally better off without the
burdens imposed by requiring that businesses provide complete product information to
all customers.
新概念英语第一册 Lesson 65:Not a baby
新概念英语第一册 Lesson 127:A famous actress
新概念英语第一册 Lesson 107:It’s too small
新概念英语第一册 Lesson 97:A small blue case
新概念英语第一册 Lesson 69:The car race 汽车比赛
新概念英语第一册 Lesson 93:Our new neighbour
新概念英语第一册 Lesson 81:Roast beef and potatoes
新概念英语第一册 Lesson 63:Thank you,doctor
新概念英语第一册 Lesson 113:Small change
新概念英语第一册 Lesson 119:A true story
新概念英语第一册 Lesson 125:Tea for two
新概念英语第一册 Lesson 57:An unusual day
新概念英语第一册 Lesson 45:The boss’s letter
新概念英语第一册 Lesson 87:A car crash
新概念英语第一册 Lesson 79:Carol’s shopping list
新概念英语第一册 Lesson 53:An interesting climate
新概念英语第一册 Lesson 135: The latest report
新概念英语第一册 Lesson 137:A pleasant dream
新概念英语第一册 Lesson 49:At the butcher’s
新概念英语第一册 Lesson 61:A bad cold
新概念英语第一册 Lesson 71:He’s awful
新概念英语第一册 Lesson 99:Owl
新概念英语第一册 Lesson 103:The French test
新概念英语第一册 Lesson 117: Tommy’s breakfast
新概念英语第一册 Lesson 133:Sensational news
新概念英语第一册 Lesson 131:Don’t be so sure
新概念英语第一册 Lesson 47:A cup of coffee
新概念英语第一册 Lesson 59:Is that all
新概念英语第一册 Lesson 101:A card from Jimmy
新概念英语第一册 Lesson 89:For sale