Question

liability rules do which of the following?○ apply only to governments.● create obligations based on law○ all of these○ specify what an owner may do with their property.○ specify what an owner may do with their property.question 31 ptsyou can have your cake or choose to eat it. this is an example of property rights providing the right for you to select

Explanation:

For the first question: Liability rules are legal frameworks that impose legal obligations on parties, not just governments; rules about property use are property rights, not liability rules. For the second question, the phrase "have your cake or eat it" refers to the right to decide how to use or dispose of your property, which is the right of exclusion and control over the use of your property, specifically the right to choose the use of your owned asset.

Answer:

1. create obligations based on law
2. decide how to use your property (or the standard correct selection: exercise control over the use and disposition of your property)