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