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Get access to the detailed solutions to the previous years questions asked in IIFT exam
Explanation:
In the early 1960s, before the standard container became ubiquitous, freight costs were I0 per cent of the value of US imports, about the same barrier to trade as the average official government import tariff. - Option A is incorrect.
From the 5th paragraph, option B is correct.
It has not been mentioned that imports increased Option C is incorrect.
The weight of boxes were the real reason, not the size. Option D is wrong.
Hence, option B is the correct answer.