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