The narcotic effect states that as the frequency of arbitration increases,disenchantment with the adequacy and fairness of the process develops and the parties may resort to other means to resolve their disputes.

Question

Quizplus · Accepted Answer

The term "narcotic effect" does not refer to arbitration frequency and its impact on parties' perceptions of fairness and adequacy. Instead, it typically relates to phenomena where repeated exposure to a stimulus reduces its effect over time, not specifically to arbitration or dispute resolution processes.

The Narcotic Effect States That as the Frequency of Arbitration