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This article discusses the balance of payments in Ukraine, and details many of the various aspects of the balance of payments that we have studied this week.

This article reports that Ukraine is thinking to raise its tariffs on various imported goods. Since Ukraine joined the WTO, its trade deficit has been increasing. The increase in trade deficit suggests that the international market is too competitive for the Ukrainian goods and putting them at a disadvantage. To respond to this issue, the Ukrainian government is thinking to raise tariffs so as to protect the domestic goods from aggressive international competitions.

The rationing function ( a specific aspect in price mechanism) Prices serve to ration scarce resources when demand in a market outstrips supply. When there is a shortage of a product, the price is bid up - leaving only those with sufficient willingness and ability to pay with the effective demand necessary to purchase the product. In this case this countries are finidng a suitable way to solve the issues regarding issues concerning gas...