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.
广东高考英语复习单元测试必修1:Unit5《Nelson Mandela- a modern hero》(新人教版)
海南省高考英语复习课件:Module 6《The World’s Cultural Heritage》(外研版选修7)
湖南高考英语复习课件牛津译林版模块选修7《Unit 1 Living with technology》与技术同在
湖南高考英语复习课件牛津译林版模块选修7《Unit 3 The World online》网上世界
湖南高考英语复习牛津译林版模块选修6练习《Unit 3 Understanding each other》相互了解
海南省高考英语复习课件:Module 5《Cloning》(外研版选修6)
湖南高考英语复习牛津译林版模块选修6练习《Unit 1 Laughter is good for you》笑对你有好处
湖南高考英语复习牛津译林版模块必修4练习《Unit 2 Sporting events》Sporting events运动项目
湖南高考英语复习课件牛津译林版模块必修5《Unit 2 The Environment》The environment环境
湖南高考英语复习课件牛津译林版模块选修6《Unit 1 Laughter is good for you》笑对你有好处
湖南高考英语复习课件牛津译林版模块必修3《Unit 2 Language》语言
湖南高考英语复习课件牛津译林版模块选修7《Unit 4 Public transport》公共交通
湖南高考英语复习课件牛津译林版模块选修6《Unit 4 Helping people around the World》帮助全球
湖南高考英语复习课件牛津译林版模块必修2《Unit 3 Amazing people》有所作为的人
湖南高考英语复习牛津译林版模块选修7练习《Unit 2 Fit for life》健康生活
湖南高考英语复习课件牛津译林版模块必修3《Unit 1 The world of our senses》感觉的世界
广东高考英语复习单元测试必修2:Unit1《Cultural relics》(新人教版)
湖南高考英语复习课件牛津译林版模块选修6《Unit 3 Understanding each other》相互了解
湖南高考英语复习课件牛津译林版模块选修6《Unit 2 What is happiness to you?》对你来说幸福是什么
湖南高考英语复习牛津译林版模块必修4练习《Unit 1 Advertising》Advertising广告
湖南高考英语复习牛津译林版模块必修5练习《Unit 1 Getting along with others》与他人相处
湖南高考英语复习课件牛津译林版模块必修4《Unit 1 Advertising》Advertising广告
广东高考英语复习单元测试必修1:Unit3《Travel Journal》(新人教版)
湖南高考英语复习牛津译林版模块必修4练习《Unit 3 Tomorrow’s World》Tomorrow’s world明天的世界界
湖南高考英语复习课件牛津译林版模块必修4《Unit 3 Tomorrow’s World》Tomorrow’s world明天的世界
湖南高考英语复习课件牛津译林版模块选修7《Unit 2 Fit for life》健康生活
湖南高考英语复习课件牛津译林版模块必修2《Unit 1 Tales of the unexplained》未解之谜
广东高考英语复习单元测试必修1:Unit1《Friendship》(新人教版)
海南省高考英语复习课件:Module 3《Adventure in Literature and the Cinema》(外研版必修5)
湖南高考英语复习牛津译林版模块必修3练习《Unit 1 The world of our senses》感觉的世界
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