Q1)
I didn't learn $L^p(E)$ yet, only learned $L(E)$. In order to solve problems, however, I need to know that the following theorem is correct or not.
Let $E \subset \mathbb{R^n}$.
Then, if $f \in L^p(E)$, $f^p$ is finite almost everywhere in $E$.
Q2)
My textbook said \begin{align}f\in L(E)&\Longleftrightarrow\int_E f \quad\text{is finite}\\ f\in L^{p}(E) &\Longleftrightarrow \int_E |f|^p\lt\infty\end{align}
Why isn't absolute used in $L(E)$ while absolute is used in $L^p(E)$?
$$L^p(E)=\{f: \int_E \vert f \vert^p <\infty \} $$
So $ f\in L^p(E) \rightarrow f^p \in L^1(E)$
Then you can prove your question 1 by contraddiction! ($f^p = \infty$ on a positive measure set then...)
About question 2, I thin you're right, there must be an absolute value!