Matching Pairs Resources and Choices Online version Using 4-1 Resources and Choices section of the text book match the key words to the correct definitions. by Jeni Garcia 1 Financial resources 2 Cash inflows 3 Assets 4 Trade off 5 Liabilities 6 Opportunity cost 7 Needs 8 Cash outflows 9 Net worth 10 Wants Things needed for survival, such as food, clothing, water, shelter and medical care Expenses or other items for which you must spend money. Debts that you owe Giving up one item for another The value of your next best option - what you are giving up. Things people desire for reasons beyond basic comfort and survival Money and other items of value that are used to acquire goods and services Money and items of value that you own. Income from your job, investments and other sources The difference between your assets and liabilities