Question: Please Explain the following key terms Agglomeration economies Commodity terms of trade Intra-industry trade Heckscher-Ohlin theory Outsourcing Tariff escalation Beggar-thy-neighbor policy Most favored nation(MFN) clause

Please Explain the following key terms

Agglomeration economies

Commodity terms of trade

Intra-industry trade

Heckscher-Ohlin theory

Outsourcing

Tariff escalation

Beggar-thy-neighbor policy

Most favored nation(MFN) clause

Import substitution

Free-trade area

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