The Cost-Benefit Constraint Prescribes That Only Information with Benefits of Disclosure

question 180

True/False

The cost-benefit constraint prescribes that only information with benefits of disclosure less than the costs of providing it, need be disclosed.

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Definitions:

Substantiated

Supported with evidence or proof; verified as being true, accurate, or justified.

Equal Credit Opportunity Act

A U.S. federal law that prohibits discrimination by lenders against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.

Credit Decisions

The process by which lenders determine the creditworthiness of potential borrowers and decide whether to extend credit.

Deceptive Advertising

A marketing practice that misleads or misinforms consumers about a product or service through false claims or omission of crucial information.