The expression in the image is asking you to evaluate $2^3$, which means "2 raised to the power of 3."

To solve:

$2^3 = 2 \times 2 \times 2 = 8$

So, the correct answer is 8.

Would you like any more details or have questions about this problem?

Here are 5 related questions to explore:

1. What is the value of $2^5$?
2. How do you evaluate $3^4$?
3. What does it mean when a base is raised to the power of 0, like $2^0$?
4. How would you simplify $(2^3) \times (2^2)$?
5. What happens when the exponent is negative, such as $2^{-3}$?

Tip: When dealing with exponents, remember that multiplying powers with the same base means you add the exponents.