CFM Intro

CFM stands for​ (a)   ​ (b)   ​ (c)   .

• Circular
• Flow
• Model
• Capital
• Factor

Match the following

• model

• Circular Flow Model

• Producers

• diagram

• CFM

• Households

• Consumers

• Firms

(a)   convert land, labor, and ​ (b)   into goods.

• Businesses/Producers
• capital
• consumers
• Allocation Strategies

The inner and outer circles of the CFM turn in

• the same direction

• the opposite directions

• upside down and all around

Select the two things that households do.

• Turn the factors of production into goods

• consume goods

• provide land, labor, and capital to firms.

Businesses are the same thing as (a)   .

• firms
• households
• money