The code will output 'falsy'. An empty string ('') is one of the six falsy values in JavaScript. When used in a conditional context like a ternary operator, it's implicitly converted to the boolean value false. Since the condition is false, the ternary operator returns the value after the colon, which is the string 'falsy'. This behavior is consistent across all JavaScript environments and is useful for checking if a string is non-empty. However, if you need to distinguish between an empty string and other falsy values like null or undefined, you would need additional checks.