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 Opportunity cost 2 Trade off 3 Assets 4 Cash inflows 5 Net worth 6 Cash outflows 7 Financial resources 8 Wants 9 Needs 10 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 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 Debts that you owe Expenses or other items for which you must spend money. Giving up one item for another Money and items of value that you own. The difference between your assets and liabilities
