The elastic clause can be found in Article II, Section 1

What prevented the US from endorsing more substantial financial regulation?

a. powerful domestic financial interests b. concerns about the cost in the value of the US dollar c. a lack of congressional support d. a backlash against the unpopular bank bailouts

In the 1970s, many less-developed countries (LDCs) proposed a program of collective international action aimed at lessening their levels of dependence that was called the

a. new international economic order (NIEO). b. contra-dependent development scheme (CDDS). c. UN Conference on Trade and Development (UNCTAD). d. international industrialization promotion (IIP).