Determine if the items represent an example of positive economics or normative economics. the richest 1% of americans should pay more taxes than the rest of the 99%. positive economics normative economics a decrease in the supply of coconut will increase the price of german chocolate cake, a good which requires coconut shavings as a key ingredient. positive economics normative economics as minimum wage increases, the prices of all goods and services also tends to increase. positive economics normative economics social welfare spending in sweden occupies too large a portion of the national budget. positive economics normative economics