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