According to Former Federal Reserve Chairman Alan Greenspan, Since the Mid-1990s

According to former Federal Reserve Chairman Alan Greenspan, since the mid-1990s, the
u.S. has entered a new phase of globalization that is characterized by decline in what economists call "home bias." What does the term "home bias" means?

A) It refers to the preference of consumers to purchase locally made goods and services.
B) It is the tendency of persons, though faced with comparable or superior foreign opportunities, to invest domestic savings in the home country rather than abroad.
C) It refers to the tendency of multinational corporations to set up headquarters in the U.S. to take advantage of the country's communications infrastructure but locate production operations abroad.
D) It refers to the government fiscal policy that grants tax credits to firms that locate their business in the U.S. rather than abroad.