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