Question

In: Economics

4. If the government did not require firms to disclose the content of food products and...

4. If the government did not require firms to disclose the content of food products and nutritional information on packaging, how might individuals gather this information? Weigh the costs and benefits to an individual of obtaining such information. Why might it be more efficient for the government to gather or compel disclosure of food product information than for individuals to gather such information by themselves?
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Solutions

Expert Solution

Ans;Consumers gather information about the foods they purchase from wide variety of sources family knowledge,education,the media and advertising all convey messages about diffnetent food charastics; on formation may also be found on the food produce laber. from a health stond point,the information on those lables about the nutritions content and health benefits of food is important.two types of such information appending on food products an 'nutrition Labels' 'R' health claims by providing information to consumers.nutrition lables and health claims on the foods have the potential to the achievement of public health objectives.


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