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