1. Redox reactions involve the transfer of electrons from one reactant to another. The substance that loses electrons is oxidized and is the reducing agent, while the substance that gains electrons is reduced and is the oxidizing agent. 2. To determine if a substance is reduced or oxidized, ask if it gains or loses electrons. Gaining electrons means it is reduced, while losing electrons means it is oxidized. 3. An example reaction of ethane burning in oxygen is worked through to assign oxidation numbers, determine which substances gain or lose electrons, and identify the reducing and oxidizing agents.