Economics 251 Principles of Microeconomics Alamance Community College Spring, 2013 Practice Quiz 19 –Chapter 12Practice Quiz 19 covers material from Chapter 12 of Principles of Microeconomics, 6/e(Mankiw). The practice quiz consists of 16 multiple choice questions. Choose the best answer. 1. According to the textbook, which of the following statements is (are) correct? 2. The U.S. federal government spends its revenues in a number of ways. Rank the following spending categories from largest to smallest.