Carr completed 7-of-11 passes for 45 yards, including a scoring strike to tight end Crockett Gillmore, and Fales went 6-of-7 through the air en route to 104 yards with an interception.
Gilmore made five catches for 61 yards.
The game's MVP award went to South defensive end Dee Ford, who recorded two sacks.
North quarterback Tajh Boyd made good on 7-of-16 pass attempts for 31 yards with an interception.
Stephen Morris completed 10-of-18 passes for 89 yards but gave up two interceptions.