Reference: Ref 15-5 (Table: Russia, Saudi Payoff Table) Refer to the Table

question 89

Multiple Choice

Reference: Ref 15-5 (Table: Russia, Saudi Payoff Table) Refer to the table. What is Saudi Arabia's best strategy and associated payoff if Russia cheats?

• A) cooperate; $400
• B) cheat; $600
• C) cooperate; $800
• D) cheat; $800

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Definitions:

Balance Of Trade

A measure of the difference between exports from and imports into a country.

Disproportionately Higher

Significantly above the expected or average level, often used to describe quantities, values, or rates that far exceed what is normal or equitable.

Imports

Goods or services brought into one country from another for sale or use.

Quota

A direct limit on the number of goods that can be imported into or exported from a country