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