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