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