The answer is the first one: the reactants (ingredients) of enzyme-catalyzed reactions.
Explanation for each option:
The reactants (ingredients) of enzyme-catalyzed reactions: This is correct. In biochemistry, substrates are the specific reactants that an enzyme acts upon. Enzymes bind to substrates to catalyze chemical reactions, converting them into products.
A part of the lungs that helps with oxygen exchange: This is incorrect. Substrates are not related to lung anatomy or function. The parts of the lungs involved in oxygen exchange are alveoli and capillaries.
The products of chemical reactions: This is incorrect. Substrates are the starting materials or reactants in enzyme-catalyzed reactions, not the products. The products are the substances formed as a result of the reaction.
In summary, substrates are the reactants in enzyme-catalyzed reactions.