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