Determine if the following 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%.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. the higher the minimum wage, the higher the price of goods and services is likely to be. social welfare spending in sweden occupies too large a portion of the national budget.