Relier Pairs Resources and Choices Version en ligne Using 4-1 Resources and Choices section of the text book match the key words to the correct definitions. par Jeni Garcia 1 Opportunity cost 2 Cash outflows 3 Net worth 4 Needs 5 Trade off 6 Financial resources 7 Cash inflows 8 Liabilities 9 Assets 10 Wants Money and other items of value that are used to acquire goods and services Giving up one item for another The value of your next best option - what you are giving up. Expenses or other items for which you must spend money. Money and items of value that you own. Income from your job, investments and other sources The difference between your assets and liabilities Things needed for survival, such as food, clothing, water, shelter and medical care Debts that you owe Things people desire for reasons beyond basic comfort and survival
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