benefits-received principle: principle of taxation that
states those whobenefit from a government program are the
ones who ought to pay for it.
blacklist: list of disapproved persons.
black market: illegal underground economy.
block grants: lump sums given to communities by the
federal government to be spent as the community deems
appropriate.
board of directors: a group of people chosen by
stockholders to watch over a
company and its executives, and to set overall corporate
policy. Their job is to try to keep the company healthy and
ensure stockholders get a good return on their money.
