What is scarcity?

Please read the article: http://www.businessinsider.com/venezuela-economic-crisis-leads-to-food-shortages-2016-6 (Links to an external site.)Links to an external site. then answer the following questions:

1) What is scarcity?

2) Why is there scarcity in Venezuela?

3) How does scarcity affect society?

4) What can be done to solve the scarcity problem in Venezuela?

5) What needs to happen to prevent scarcity from re-occurring in the future?

Additional question:

A) What do you know about micro-economics?

B) What do you know about scarce resources? Can you name a few scarce resources and how it is diminishing

Please provide me the answer with serial number. Each question should be at least 100 word.