All of the following are subject to false advertising regulations EXCEPT?

In the context of false advertising regulations, gifts are typically not considered advertising tools in the same way as letters, circulars, or statements. Gifts are usually seen as incentives or promotional items rather than advertisements meant to convey information about a product or service in a persuasive manner.

Regulations concerning false advertising primarily target communication designed to inform or persuade consumers regarding the characteristics, benefits, or terms of products and services. Letters, circulars, and statements all fall under this category as they are forms of direct communication to consumers that can potentially misrepresent or mislead regarding product offerings. Therefore, the nature of gifts as promotional items rather than persuasive communication explains why they are generally exempt from the same false advertising regulations that apply to other forms of advertising.