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.
如果明天我死去 If I Die Tomorrow
快乐成长 Happy Growth
我的暑假计划 My Summer Vacation Plan
放松的方式 The Way to Relax
奥巴马夫妇:势均力敌的爱情,才能长久!
效仿赫敏的丢书大作战 为何在中国遇尴尬?
对犯错的人宽容Be Tolerate to the One Who Made Mistakes
高考记忆 The Memory About College Entrance Exam
如何使用红包 How to Use the Lucky Money
关于抄袭About Plagiarizing
我的相册集 My Photo Album
中国电商网站打击刷单行为
如何保护视力 How to Protect Eyesight
伪劣产品的危害 The Dangers of the Fake Products
出名趁早 To Be Famous in the Early Age
戴耳机1h细菌增700倍!10个耳朵冷知识惊呆你
幸福感爆棚的食物
双学位必要吗?Is It Necessary to Gain the Double Degree
冬天里的晴朗日子 Those Sunny Days In the Winter
活在当下 Live In The Moment
别对我说谎,七种方法教你一眼识谎言
旅游日记Travelling Diary
尴尬的问题 The Awkward Questions
恶意软件让多台取款机同时“自动吐钞”
篮球比赛 Basketball Match
别让悲伤困住你 Don’ t have sadness haunt you
父母的期望 Parents’ Expectation
小心网络信息 Be Cautious to the Information on the Internet
修缮白金汉宫将花费3.69亿英镑 民众请愿让王室自掏腰包
吃自助餐的经验 My Experience to Eat Buffet
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