Final answer:
The statement is false as Loki deceived Hodur into killing Balder due to his own mischief, not because Balder was seen as a threat to the gods.
Step-by-step explanation:
The statement "Loki deceived Hodur by making him believe that Balder was a threat to the gods" is false. In Norse mythology, Loki actually tricks Hodur into killing Balder by guiding his hand to throw a mistletoe-tipped dart or arrow, which was the only thing capable of harming Balder.
This act was not because Balder was seen as a threat, but rather due to Loki's mischief and the prophecy that Balder's death would signal the beginning of Ragnarok, the end of the world for the Norse gods.