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

As minimum wage increases, the prices of all goods and services also tends to increase.

normative economics

positive 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. normative economics positive economics

Social welfare spending in Sweden occupies too large a portion of the national budget. normative economics positive economics