It depends on each printer. Looking at your picture, looks like the color option is under "Printer Features".
Once you find good settings, you can create presets using the second popup menu from top to bottom (on the image). Then you can choose between your preferred settings easily.
You can already do this in OS X. Highlight a word in Preview, e.g. Klimawandel, right click, and select
Lookup Klimawandel
This should bring up a german definition. At the bottom of the definition, click on the link,
Open in Dictionary
Now the Dictionary app should open, with a German-German definition of Klimawandel.
You may already have other dictionaries installed, if so, you will see them in a row above the definition. If not, go to Dictionary->Preferences, and add in any dictionaries that may be useful to you.
It is also possible to add third-party dictionaries, go to google, and search for Apple Dictionary Plugin
For example, for German -> English there is the
BeoLingus German-English Dictionary Plugin
Install this plugin. Now back to our original example, in Preview highlight Klimawandel , right click on it, and the German-English definition appears beneath the German-German definition :-
Best Answer
Found it! It was hidden in the depths of Preview printing options. Select Paper Type/Quality and it's under 'Color Options':
EDIT - Cullub
In OSX 10.10.3, Preview
Under
Quality & Media
.