Scenario 8-1 CANOES-R-US Makes Canoes.It Buys the Shell of the Canoe from Canoe

question 36

Multiple Choice

Scenario 8-1
CANOES-R-US makes canoes.It buys the shell of the canoe from another local firm for $300 and uses its labor and intermediate goods to make the canoe.It sells the finished canoe to a retail canoe store for $800.The retail canoe store then sells the canoe to a consumer for $1,200.
-Refer to Scenario 8-1.The value added of CANOES-R-US for each canoe equals

• A)$1,200.
• B)$800.
• C)$500.
• D)$400.

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Definitions:

African Descent

Referring to individuals or groups whose ancestors originated from the African continent, often used in the context of diaspora and historical movements of peoples.

Archeologists

Scientists who study past human societies through the examination of material remains, such as artifacts, structures, and landscapes.

Skull Shape

The form or structure of a skull, often studied in anthropology to understand evolutionary and genetic relationships.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.