economists study many issues, but all of them stem from the Central economic problem of scarcity. Scarcity arises because there are constraints for both consumers (e.g. limited time, nformation and income) and sellers (e.g. limited resources to produce goods and services, perhaps because of a shortage of skilled labour). Some people suggest that the problem of carcity will eventually disappear with the development of new technology and resulting higher evels of production. Is this True False? Explain