Economists and industry analysts pay close attention to the volume of air cargo shipments because changes in air cargo shipments have historically been good indicators of
A) future oil prices.
B) future exchange rate changes.
C) future passenger travel.
D) past decreases in marginal tax rates.

Question

Quizplus · Accepted Answer

Air cargo shipments are often seen as a leading indicator of economic activity, including future passenger travel, as they reflect changes in demand for goods and services.

Economists and Industry Analysts Pay Close Attention to the Volume