According to Ghemawat, the North American Free Trade Agreement (NAFTA) reduced the "home bias," or ratio of domestic to international trade between the United States and Canada, to what level?
a. 5 to 1
b. 10 to 1
c. 20 to 1
d. 40 to 1
e. The trade bias was not reduced by NAFTA.
Answer: a
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