Step 1: Recall North America's ocean boundaries.
North America is bounded by the Arctic Ocean to the north, the Atlantic Ocean to the east, and the Pacific Ocean to the west and south. It stretches from the Arctic tundra in Canada down through Central America.
Step 2: Eliminate other continents.
South America borders the Pacific (west) and Atlantic (east) but not the Arctic. Europe touches the Arctic in the north but not the Pacific to the south. Australia is not near the Arctic Ocean.
Step 3: Confirm the answer.
Only North America matches all three boundary conditions given in the question.
\[ \boxed{\text{North America}} \]