1. Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels?

i dont no the claim so it's hard to answer but i think he would go to the people to decide. : ) ; )

when we think of a­ncient paga­n kings, the ideas of justice and fairness probably aren't the first things to come to mind. we moderns may be more likely to imagine fickle, power-hungry despots who were ready to put someone to death on a whim. but king hammurabi, who ruled a prosperous and thriving babyloniaalmost four millennia ago, doesn't quite fit that mold. he claimed to have protect the weak from oppression, and scholars believe he fostered an atmosphere of justice and righteousness for his people.

this belief is based on an object that was discovered only a century ago. it has already earned a place alongside the rosetta stone as one of the most important artifacts of the ancient world. this stela (stone pillar) bears the inscription of the code of hammurabi, and it has shed light on the laws, culture and life in babylonia.

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