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